Raymond James Financial Inc. Has $13.12 Million Stock Holdings in Science Applications International Co. $SAIC

Key Points

• Raymond James Financial Inc. increased its stake in Science Applications International Co. by 30.2%, holding 116,900 shares valued at approximately $13.12 million as of the latest SEC filing.
• The company reported a missed earnings estimate with an EPS of $1.92 for the last quarter, falling short of the predicted $2.17, while its revenue increased by 1.6% year-over-year.
• Science Applications International has announced a quarterly dividend of $0.37, with an annualized yield of 1.3%, reflecting a dividend payout ratio of 20.76%.

Raymond James Financial Inc. raised its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 30.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,900 shares of the information technology services provider's stock after buying an additional 27,095 shares during the quarter. Raymond James Financial Inc. owned 0.24% of Science Applications International worth $13,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SAIC. Parallel Advisors LLC lifted its position in shares of Science Applications International by 112.1% during the 1st 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 during the period. Larson Financial Group LLC lifted its position 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 valued at $36,000 after acquiring an additional 98 shares during the period. US Bancorp DE lifted its position in shares of Science Applications International by 38.5% during the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 90 shares during the period. Fifth Third Bancorp lifted its position in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 88 shares during the period. Finally, Hughes Financial Services LLC bought a new stake in shares of Science Applications International during the 1st quarter valued at $58,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

Science Applications International stock opened at $117.70 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.52 billion, a PE ratio of 19.85 and a beta of 0.49. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The stock has a 50-day moving average price of $114.90 and a two-hundred day moving average price of $112.34.

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

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.3%. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SAIC shares. Jefferies Financial Group upped their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus initiated coverage on Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 target price for the company. Truist Financial upped their price objective on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price objective on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, UBS Group dropped their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. 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 MarketBeat.com, Science Applications International presently has an average rating of "Hold" and a consensus price target of $125.64.

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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