Cetera Investment Advisers Has $2.83 Million Stake in Science Applications International Corporation $SAIC

Key Points

• Cetera Investment Advisers increased its SAIC position by 47.2% in the first quarter, holding 29,781 shares valued at approximately $2.83 million. Institutional investors and hedge funds collectively own 76% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $115.22, despite differing views ranging from Citigroup’s $132 buy target to Goldman Sachs’ $96 sell target.
• SAIC exceeded quarterly expectations with $3.23 in earnings per share and $1.91 billion in revenue, while revenue rose 1.5% year over year. The company also declared a quarterly dividend of $0.37 per share, representing a 1.2% annualized yield.

Cetera Investment Advisers raised its position in Science Applications International Corporation (NASDAQ:SAIC - Free Report) by 47.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 29,781 shares of the company's stock after acquiring an additional 9,550 shares during the period. Cetera Investment Advisers owned about 0.07% of Science Applications International worth $2,827,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Science Applications International in the fourth quarter valued at approximately $53,403,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company's stock worth $264,429,000 after acquiring an additional 441,296 shares during the period. First Trust Advisors LP increased its stake in shares of Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company's stock valued at $192,501,000 after purchasing an additional 393,344 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company's stock valued at $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Science Applications International in the second quarter valued at about $31,271,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SAIC shares. The Goldman Sachs Group increased their price objective on Science Applications International from $85.00 to $96.00 and gave the company a "sell" rating in a report on Friday, June 12th. BNP Paribas Exane started coverage on shares of Science Applications International in a research note on Wednesday, May 27th. They set a "neutral" rating and a $95.00 price target for the company. TD Cowen lowered their price target on Science Applications International from $130.00 to $125.00 and set a "hold" rating for the company in a research report on Tuesday, July 7th. Weiss Ratings raised Science Applications International from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, June 11th. Finally, Citigroup raised their price target on shares of Science Applications International from $120.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $115.22.

Science Applications International Trading Up 1.8%

NASDAQ SAIC opened at $126.54 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 14.25 and a beta of 0.28. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $127.22. The stock's 50-day simple moving average is $113.49 and its two-hundred day simple moving average is $102.08. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73.

Science Applications International (NASDAQ:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business posted $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. Research analysts forecast that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.48 annualized dividend and a yield of 1.2%. Science Applications International's dividend payout ratio is presently 16.67%.

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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