Nuveen LLC Invests $13.15 Million in Science Applications International Co. $SAIC

Key Points

• Nuveen LLC has invested approximately $13.15 million in Science Applications International Co. (SAIC) by acquiring 117,104 shares during the first quarter, which represents roughly 0.25% of the company.
• Science Applications International reported $1.92 earnings per share for the quarter, missing analysts' expectations of $2.17, while the company's revenue was up by 1.6% compared to the same period last year.
• The company announced a quarterly dividend of $0.37 per share, which equates to an annualized dividend of $1.48 and a yield of 1.3%.

Nuveen LLC bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 117,104 shares of the information technology services provider's stock, valued at approximately $13,147,000. Nuveen LLC owned approximately 0.25% of Science Applications International as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Science Applications International by 10.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 35,004 shares of the information technology services provider's stock worth $3,913,000 after acquiring an additional 3,222 shares during the last quarter. Barclays PLC increased its position in Science Applications International by 37.4% during the 4th quarter. Barclays PLC now owns 63,672 shares of the information technology services provider's stock worth $7,117,000 after purchasing an additional 17,336 shares in the last quarter. Mariner LLC increased its position in Science Applications International by 2.8% during the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock worth $433,000 after purchasing an additional 106 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Science Applications International by 3.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 36,475 shares of the information technology services provider's stock valued at $4,074,000 after purchasing an additional 1,053 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Science Applications International by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,912 shares of the information technology services provider's stock valued at $3,120,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Ratings Changes

SAIC has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target 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 lowered their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Stifel Nicolaus began coverage on Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target for the company. Truist Financial raised their price objective on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Finally, Barclays lowered their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Science Applications International currently has an average rating of "Hold" and an average target price of $125.64.

Science Applications International Trading Down 0.1%

Shares of SAIC stock traded down $0.13 during mid-day trading on Wednesday, reaching $119.45. The company's stock had a trading volume of 44,531 shares, compared to its average volume of 644,338. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.60 billion, a PE ratio of 20.15 and a beta of 0.49. The company's 50 day simple moving average is $114.06 and its 200-day simple moving average is $112.12. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34.

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

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.37 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. Science Applications International's dividend payout ratio (DPR) is 20.76%.

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.