Envestnet Portfolio Solutions Inc. Has $743,000 Holdings in Science Applications International Co. $SAIC

Key Points

• Envestnet Portfolio Solutions Inc. significantly increased its holdings in Science Applications International Co. by 269.7% during the 2nd quarter, reaching a total of $743,000 in value.
• Several hedge funds, including US Bancorp DE and Wealthspire Advisors LLC, also boosted their investments in Science Applications International, indicating strong institutional interest with 76.00% of the stock owned by such investors.
• Analysts have lowered price targets for Science Applications International, with the new consensus price target now at $115.10, and findings show mixed ratings among analysts, including two Buy ratings and one Sell rating.

Envestnet Portfolio Solutions Inc. grew its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 269.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,599 shares of the information technology services provider's stock after purchasing an additional 4,814 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Science Applications International were worth $743,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its position 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 worth $36,000 after purchasing an additional 90 shares during the last quarter. Focus Partners Wealth increased its position in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock worth $326,000 after purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC increased its position 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 worth $36,000 after purchasing an additional 98 shares during the last quarter. Wealthspire Advisors LLC increased its position in Science Applications International by 6.7% in the 1st quarter. Wealthspire Advisors LLC now owns 1,946 shares of the information technology services provider's stock worth $218,000 after purchasing an additional 122 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its position in Science Applications International by 0.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 17,307 shares of the information technology services provider's stock worth $1,949,000 after purchasing an additional 126 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on SAIC shares. Jefferies Financial Group lowered their price objective on Science Applications International from $130.00 to $115.00 and set a "hold" rating on the stock in a report on Wednesday, September 10th. The Goldman Sachs Group lowered their price objective on Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a report on Monday, September 8th. UBS Group lowered their price objective 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Finally, Truist Financial increased their price objective on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $115.10.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $99.50 on Tuesday. The business has a 50 day moving average price of $106.71 and a 200 day moving average price of $111.50. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 16.78 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

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

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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