Armstrong Fleming & Moore Inc Invests $4.24 Million in Science Applications International Co. $SAIC

Key Points

• Armstrong Fleming & Moore Inc invested approximately $4.24 million in Science Applications International Co., acquiring 37,632 shares to make it their sixth largest holding.
• Science Applications International's most recent earnings report showed an EPS of $3.63, exceeding analyst expectations of $2.25, though revenue fell 2.7% year-over-year.
• The company announced a quarterly dividend of $0.37 per share, with a payout ratio of 17.92% and an annualized yield of 1.5%.

Armstrong Fleming & Moore Inc acquired a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,632 shares of the information technology services provider's stock, valued at approximately $4,238,000. Science Applications International makes up about 2.3% of Armstrong Fleming & Moore Inc's investment portfolio, making the stock its 6th largest holding. Armstrong Fleming & Moore Inc owned about 0.08% of Science Applications International at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SAIC. US Bancorp DE lifted its stake in Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after buying an additional 90 shares in the last quarter. Larson Financial Group LLC raised its holdings in Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after buying an additional 98 shares during the period. Fifth Third Bancorp raised its stake in shares of Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 88 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Science Applications International in the 1st quarter valued at $58,000. Finally, UMB Bank n.a. increased its stake in Science Applications International by 220.1% during the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider's stock worth $63,000 after purchasing an additional 383 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Price Performance

Shares of SAIC opened at $101.37 on Thursday. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 17.09 and a beta of 0.44. 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 stock's fifty day moving average is $109.39 and its 200-day moving average is $112.30. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. Science Applications International's payout ratio is 17.92%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of recent research reports. 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 on the stock in a research note on Monday, September 8th. Truist Financial raised their price target on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Jefferies Financial Group lowered their target price on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating on the stock in a research report on Wednesday, September 10th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $115.00 price objective (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Finally, UBS Group lowered their target price on Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Science Applications International currently has an average rating of "Hold" and an average price target of $120.64.

Science Applications International Company Profile

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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