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

Several other institutional investors also recently bought and sold shares of SAIC. Parallel Advisors LLC boosted its stake 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 worth $31,000 after acquiring an additional 148 shares in the last quarter. Larson Financial Group LLC boosted its position in Science Applications International by 43.2% during the first 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 raised its position in shares of Science Applications International by 38.5% in the first 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 during the period. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after buying an additional 88 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of Science Applications International during the 1st quarter worth $58,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Trading Down 6.9%

SAIC traded down $7.89 during midday trading on Thursday, reaching $106.22. 1,374,110 shares of the company were exchanged, compared to its average volume of 648,591. The stock has a market capitalization of $4.98 billion, a P/E ratio of 17.91 and a beta of 0.49. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock's 50-day simple moving average is $115.50 and its 200 day simple moving average is $112.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, topping the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $2.05 EPS. Science Applications International's quarterly revenue 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. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders 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 is Friday, October 10th. Science Applications International's dividend payout ratio is 20.76%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price on the stock. Barclays dropped their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. UBS Group decreased their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Wells Fargo & Company upped their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Truist Financial lifted their price target on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.