Bank of New York Mellon Corp Takes $44.04 Million Position in Science Applications International Corporation $SAIC

Key Points

• Bank of New York Mellon acquired 398,916 SAIC shares worth approximately $44.04 million, representing a 0.94% stake. Hedge funds and institutional investors collectively own 76% of the company.
• Analyst sentiment remains cautious, with an overall “Hold” rating and an average price target of $116.89, below SAIC’s recent $128.96 share price.
• SAIC reported quarterly earnings of $3.23 per share, beating estimates of $2.26, while revenue rose 1.5% year over year to $1.91 billion; management forecast fiscal 2027 earnings of $9.90–$10.10 per share.

Bank of New York Mellon Corp bought a new stake in Science Applications International Corporation (NASDAQ:SAIC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 398,916 shares of the company's stock, valued at approximately $44,044,000. Bank of New York Mellon Corp owned 0.94% of Science Applications International at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company's stock valued at $16,454,000 after purchasing an additional 26,633 shares during the last quarter. Empowered Funds LLC raised its holdings in Science Applications International by 93.2% in the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the company's stock valued at $1,204,000 after acquiring an additional 5,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Science Applications International by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company's stock valued at $16,863,000 after purchasing an additional 7,816 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 worth $326,000 after acquiring an additional 94 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in Science Applications International by 1.0% during the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company's stock valued at $1,952,000 after purchasing an additional 171 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAIC has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Jefferies Financial Group boosted their target price on Science Applications International from $115.00 to $130.00 and gave the stock a "hold" rating in a research report on Wednesday, August 19th. Wall Street Zen lowered shares of Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 22nd. Citigroup boosted their target price on Science Applications International from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Finally, BNP Paribas Exane began coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a "neutral" rating and a $95.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $116.89.

Science Applications International Trading Up 1.1%

Shares of NASDAQ:SAIC opened at $128.96 on Friday. The company's 50-day moving average price is $117.55 and its two-hundred day moving average price is $104.35. Science Applications International Corporation has a one year low of $81.08 and a one year high of $130.53. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $5.45 billion, a PE ratio of 14.52 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities analysts forecast that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

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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