Allspring Global Investments Holdings LLC Acquires 35,814 Shares of Science Applications International Corporation $SAIC

Key Points

• Allspring Global Investments boosted its stake in Science Applications International by 19.9%, adding 35,814 shares to hold 216,067 shares valued at about $21.87 million (≈0.48% ownership).
• Analyst sentiment is mixed with a consensus "Hold" rating and a $112.44 consensus target after several firms cut their price targets and issued downgrades.
• SAIC reported a quarterly EPS beat of $2.62 versus $1.79 despite revenue falling 4.8% year-over-year, and announced a quarterly dividend of $0.37 (annualized $1.48, ~1.5% yield).

Allspring Global Investments Holdings LLC grew its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,067 shares of the company's stock after acquiring an additional 35,814 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.48% of Science Applications International worth $21,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cresset Asset Management LLC grew its position in Science Applications International by 4.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company's stock worth $234,000 after purchasing an additional 88 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company's stock valued at $326,000 after buying an additional 94 shares during the last quarter. Lido Advisors LLC grew its position in Science Applications International by 1.7% in the second quarter. Lido Advisors LLC now owns 6,437 shares of the company's stock worth $725,000 after acquiring an additional 107 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Science Applications International by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,467 shares of the company's stock worth $444,000 after buying an additional 116 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its stake in shares of Science Applications International by 1.5% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 10,626 shares of the company's stock valued at $1,056,000 after acquiring an additional 159 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Science Applications International from $128.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, March 17th. Zacks Research downgraded shares of Science Applications International from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Science Applications International in a research report on Friday, March 27th. Truist Financial reduced their target price on shares of Science Applications International from $110.00 to $95.00 and set a "hold" rating for the company in a research note on Tuesday, March 17th. Finally, Citigroup decreased their target price on Science Applications International from $133.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday. Three investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $112.44.

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $100.11 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $124.11. The business's 50 day moving average price is $94.40 and its two-hundred day moving average price is $97.08. The company has a market cap of $4.35 billion, a PE ratio of 13.02 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the company earned $2.57 EPS. The company's revenue was down 4.8% on a year-over-year basis.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, April 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International's payout ratio is currently 19.25%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company's core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC's work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.

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