Science Applications International Co. $SAIC Shares Sold by Comerica Bank

Key Points

• Comerica Bank reduced its stake in Science Applications International Co. by 19.1%, selling 7,900 shares and holding a total of 33,523 shares valued at approximately $3.76 million.
• Science Applications International reported a second-quarter EPS of $1.92, missing analyst expectations of $2.17, despite a 1.6% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.37 per share, with an ex-dividend date of October 10th, representing an annual yield of 1.3%.

Comerica Bank cut its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,523 shares of the information technology services provider's stock after selling 7,900 shares during the period. Comerica Bank owned about 0.07% of Science Applications International worth $3,764,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 148 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 98 shares during the period. US Bancorp DE grew its stake in shares of Science Applications International by 38.5% during the first 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 during the last quarter. Fifth Third Bancorp boosted its stake in shares of Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares during the period. Finally, Hughes Financial Services LLC purchased a new position in shares of Science Applications International during the first quarter worth approximately $58,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Price Performance

NYSE SAIC traded down $7.33 during mid-day trading on Thursday, hitting $106.78. The stock had a trading volume of 898,183 shares, compared to its average volume of 645,604. The firm's 50 day moving average is $115.56 and its 200 day moving average is $112.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 18.03 and a beta of 0.49. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion during 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 company's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Jefferies Financial Group increased their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. UBS Group cut their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Truist Financial lifted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Stifel Nicolaus started coverage on shares of Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $125.64.

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.