Science Applications International’s (SAIC) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Science Applications International (NYSE:SAIC) in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has a $115.00 price target on the information technology services provider’s stock, down from their prior price target of $140.00.

A number of other research analysts also recently commented on the stock. UBS Group dropped their target price on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Jefferies Financial Group increased their target price on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Wells Fargo & Company increased their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Truist Financial increased their target price on shares of Science Applications International from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. Finally, Barclays decreased their price target on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average target price of $120.64.

Science Applications International Trading Up 0.3%

Shares of NYSE:SAIC opened at $103.11 on Monday. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The company’s 50 day moving average is $114.67 and its two-hundred day moving average is $112.74. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market cap of $4.75 billion, a PE ratio of 17.39 and a beta of 0.49.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $1.38. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities analysts predict that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 10th. Science Applications International’s dividend payout ratio (DPR) is 17.92%.

Institutional Trading of Science Applications International

Several hedge funds have recently made changes to their positions in SAIC. LSV Asset Management lifted its stake in shares of Science Applications International by 143.2% in the 2nd quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock worth $146,621,000 after acquiring an additional 766,734 shares during the period. Norges Bank acquired a new stake in shares of Science Applications International in the second quarter valued at about $81,148,000. AQR Capital Management LLC lifted its stake in shares of Science Applications International by 115.8% in the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after purchasing an additional 513,192 shares during the period. Invesco Ltd. lifted its stake in shares of Science Applications International by 124.8% in the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after purchasing an additional 485,496 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Science Applications International by 78.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock valued at $101,608,000 after purchasing an additional 396,037 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.