Science Applications International (NYSE:SAIC) Price Target Lowered to $115.00 at Jefferies Financial Group

Science Applications International (NYSE:SAIC) had its price target dropped by Jefferies Financial Group from $130.00 to $115.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 8.11% from the stock’s previous close.

A number of other research analysts also recently commented on SAIC. Truist Financial lifted their price objective 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. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday. UBS Group dropped their price objective 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. Stifel Nicolaus dropped their price objective on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Finally, Barclays dropped their price objective on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, June 9th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $120.64.

Science Applications International Stock Performance

Shares of SAIC opened at $106.37 on Wednesday. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.94 and a beta of 0.49. 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 firm has a fifty day simple moving average of $114.43 and a 200 day simple moving average of $112.79. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34.

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. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $2.05 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts forecast that Science Applications International will post 8.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Science Applications International

Several hedge funds have recently bought and sold shares of SAIC. LSV Asset Management increased its holdings in 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 valued at $146,621,000 after buying an additional 766,734 shares during the period. Norges Bank bought a new position in Science Applications International in the 2nd quarter valued at about $81,148,000. AQR Capital Management LLC increased its holdings in Science Applications International by 115.8% in the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after buying an additional 513,192 shares during the period. Invesco Ltd. increased its holdings in Science Applications International by 124.8% in the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after buying an additional 485,496 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Science Applications International by 78.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock valued at $101,608,000 after buying an additional 396,037 shares during the period. 76.00% of the stock is owned by institutional investors.

About Science Applications International

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.