The Goldman Sachs Group Cuts Science Applications International (NYSE:SAIC) Price Target to $82.00

Science Applications International (NYSE:SAIC) had its price target reduced by The Goldman Sachs Group from $94.00 to $82.00 in a report issued on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the information technology services provider’s stock.

SAIC has been the topic of several other research reports. UBS Group upped their price target on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, December 8th. JPMorgan Chase & Co. upped their target price on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Finally, Citigroup raised their price target on Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.44.

Science Applications International Stock Performance

NYSE SAIC opened at $86.61 on Thursday. The business has a 50 day moving average price of $102.68 and a 200 day moving average price of $101.98. The company has a market capitalization of $3.91 billion, a P/E ratio of 14.61 and a beta of 0.28. Science Applications International has a 1-year low of $81.08 and a 1-year high of $124.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.51. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.61 earnings per share. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Sell-side analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, January 14th. Science Applications International’s dividend payout ratio is presently 18.93%.

Insider Transactions at Science Applications International

In related news, CEO James Reagan acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $100.17 per share, with a total value of $100,170.00. Following the purchase, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. The trade was a 3.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Large investors have recently bought and sold shares of the stock. LSV Asset Management grew its stake in shares of Science Applications International by 143.2% during the 2nd quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock valued at $146,621,000 after buying an additional 766,734 shares during the period. Norges Bank purchased a new stake in Science Applications International during the second quarter valued at about $81,148,000. Fuller & Thaler Asset Management Inc. increased its stake in Science Applications International by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the information technology services provider’s stock worth $264,429,000 after acquiring an additional 441,296 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Science Applications International by 78.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock worth $101,608,000 after acquiring an additional 396,037 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the information technology services provider’s stock worth $192,501,000 after purchasing an additional 393,344 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.