Northern Trust Corp Has $48.33 Million Stock Holdings in Science Applications International Co. $SAIC

Key Points

• Northern Trust Corp reduced its holdings in Science Applications International Co. (SAIC) by 6.1%, now owning 430,434 shares valued at approximately $48.33 million.
• Institutional investors collectively own 76.00% of Science Applications International's stock, with several firms, including Parallel Advisors LLC and US Bancorp DE, increasing their holdings in the first quarter.
• Science Applications reported $1.92 EPS, missing consensus estimates of $2.17, while analysts predict 8.27 EPS for the current year.

Northern Trust Corp lessened its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 430,434 shares of the information technology services provider's stock after selling 28,126 shares during the quarter. Northern Trust Corp owned 0.90% of Science Applications International worth $48,325,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SAIC. Parallel Advisors LLC boosted its holdings in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 98 shares in the last quarter. US Bancorp DE boosted its holdings in shares of 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 purchasing an additional 90 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Science Applications International in the 4th quarter valued at $48,000. Finally, Fifth Third Bancorp boosted its holdings 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 purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SAIC shares. Barclays reduced their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Jefferies Financial Group raised their price objective on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Truist Financial raised 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. Wells Fargo & Company raised their price objective on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, UBS Group cut their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. 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, Science Applications International currently has an average rating of "Hold" and a consensus target price of $125.64.

Science Applications International Stock Down 0.2%

Shares of NYSE:SAIC opened at $119.34 on Thursday. The firm has a market cap of $5.59 billion, a P/E ratio of 20.12 and a beta of 0.49. 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 Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The business has a fifty day simple moving average of $114.35 and a 200 day simple moving average of $112.17.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. Analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International 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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