Science Applications International Co. (NYSE:SAIC – Get Rating) – Investment analysts at William Blair said in a research report issued to clients and investors on Thursday, September 1, Science Applications International’s third quarter 2023 We lowered our earnings forecast. William Blair analyst L. Dipalma expects the information technology services provider to post his earnings per share of $1.68 in the quarter, down from his previous estimate of $1.77. increase. Science Applications International’s current consensus estimate for annual earnings is $7.07 per share. William Blair also estimates Science Applications International’s fourth quarter 2023 earnings at EPS of $1.69, 2023 earnings at EPS of $7.00, and earnings for fiscal 2024 at EPS of $7.38. increase.

Science Applications International (NYSE:SAIC – Get Rating) last announced quarterly earnings data on Thursday, September 1. The information technology services provider reported his earnings per share (EPS) for the quarter was $1.75, beating analyst consensus expectations of $1.68 by $0.07. The company’s earnings for the quarter were $1.83 billion, while the consensus forecast was for him to be $1.82 billion. Science Applications International had a net profit margin of 3.58% and a return on equity of 25.28%. The company’s revenue fell by 0.3% compared to the same quarter last year. During the same quarter last year, the company posted his $1.97 earnings per share.

Other equity analysts have also recently published investigative reports on equities. Cowen raised his share price target for Science Applications International from $111.00 to $120.00, in a report on Tuesday, June 7. Barclays raised its share price target for Science Applications International to $95.00 from his $90.00, giving the company an “equal-weighted” rating in a report on Tuesday, June 7. Finally, Cowen raised Science Applications International’s price target from $111.00 to $120.00, giving the company an “Outperform” rating in its report on Tuesday, June 7th. Five analysts gave the stock a Hold rating and four assigned a Buy rating to the stock. According to MarketBeat.com, the company’s current consensus valuation is “Hold” with a consensus target price of $102.86.

Science Applications International Equity Performance

SAIC opened at $91.88 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt to equity ratio of 1.42. Science Applications International has a 12-month low of $78.10 and a 12-month high of $97.82. The company has a market capitalization of $5.12 billion, a price/earnings ratio of 19.63 and a beta of 0.68. The company has a 50-day moving average of $93.48 and a 200-day moving average of $89.31.

institution inflow and outflow

A number of hedge funds have recently bought and sold shares of SAIC. ProShare Advisors LLC increased his position in Science Applications International by 28.8% in the fourth quarter. ProShare Advisors LLC now owns 5,487 shares of information technology service provider stock valued at $459,000 after acquiring an additional 1,226 shares during the previous quarter. CIBC Asset Management Inc increased its position in Science Applications International by 5.3% in the fourth quarter. CIBC Asset Management Inc owns 2,524 shares of the information technology service provider worth $211,000 after acquiring an additional 128 shares during the previous quarter. Bank of America Corp DE increased its position in Science Applications International by 5.1% in the fourth quarter. Bank of America Corp DE now owns 189,726 shares of the information technology service provider worth $15,860,000 after acquiring an additional 9,157 shares during the previous quarter. First Republic Investment Management Inc. increased its position in Science Applications International by 1.4% in the fourth quarter. First Republic Investment Management Inc. now owns 12,201 shares of information technology service provider valued at $1,020,000 after acquiring an additional 163 shares during the previous quarter. Finally, Mitsubishi UFJ Trust and Banking increased its position in Science Applications International by 5.7% in the fourth quarter. Mitsubishi UFJ Trust and Banking now owns 6,219 shares of the information technology service provider worth $520,000 after acquiring an additional 334 shares during the previous quarter. Institutional investors own 75.26% of the company’s shares.

insider trading

In related news, director Catarina G. McFarland sold 2,600 shares of the company in a transaction on Monday, July 11th. The shares sold for an average of $93.30 for a total of $242,580.00. After the sale, the directors now own 7,813 shares in the company, valued at $728,952.90. The sale is disclosed in documents filed with the Securities and Exchange Commission and available on her website at the SEC. Her 1.12% of the shares are now owned by insiders.

Science Applications International Announces Dividend

The company recently announced a quarterly dividend payable on Friday, October 28th. Investors of record on Friday, October 14 will receive a dividend of $0.37. This represents his $1.48 dividend and his 1.61% yield on an annualized basis. The ex-dividend date for this dividend is October 13 (Thursday). Science Applications International’s dividend payout ratio is currently 31.62%.

Science Application International Company Profile

(get rating)

Science Applications International Corporation provides technology, engineering, and enterprise information technology (IT) services primarily in the United States. The company’s products include engineering. Technology Consolidation; IT Modernization. Ground and Offshore Systems Maintenance; Logistics; Training and Simulation; Operations and Program Support Services. End-to-end service-a-service solutions, including design, development, integration, deployment, management and operations, maintenance, security, cloud migration, managed services, infrastructure modernization, and enterprise IT-as for customers’ IT infrastructure.

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