Allianz Asset Management GmbH Has $14.04 Million Holdings in Science Applications International Co. $SAIC

Key Points

• Allianz Asset Management GmbH increased its stake in Science Applications International Co. by 199.1% in the second quarter, reaching a total of 124,677 shares valued at approximately $14 million.
• Science Applications International recently reported earnings per share (EPS) of $3.63 for the latest quarter, significantly exceeding expectations of $2.25, despite revenues falling 2.7% year-over-year.
• The company announced a quarterly dividend of $0.37 per share, with a dividend yield of 1.5%, set to be paid on October 24th.

Allianz Asset Management GmbH lifted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 199.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,677 shares of the information technology services provider's stock after purchasing an additional 82,994 shares during the period. Allianz Asset Management GmbH owned 0.27% of Science Applications International worth $14,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SAIC. GAMMA Investing LLC lifted its stake in shares of Science Applications International by 96.8% in the 1st quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock valued at $69,000 after purchasing an additional 302 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Science Applications International by 19.4% in the 1st quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock valued at $506,000 after purchasing an additional 732 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Science Applications International by 78.0% in the 1st quarter. Blue Trust Inc. now owns 2,472 shares of the information technology services provider's stock valued at $278,000 after purchasing an additional 1,083 shares during the last quarter. Econ Financial Services Corp acquired a new stake in shares of Science Applications International in the 1st quarter valued at $520,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Science Applications International by 387.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider's stock valued at $14,362,000 after purchasing an additional 100,760 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

NYSE:SAIC opened at $99.50 on Tuesday. The firm's 50-day moving average is $106.71 and its 200-day moving average is $111.50. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 16.78 and a beta of 0.44.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The business's revenue was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International's payout ratio is presently 17.92%.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Jefferies Financial Group cut their target price on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a research report on Wednesday, September 10th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. UBS Group cut their target price on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, The Goldman Sachs Group cut their target price on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a research report on Monday, September 8th. Two 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 stock. According to MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average price target of $115.10.

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.

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