Redwood Investment Management LLC Takes $2.19 Million Position in Science Applications International Corporation $SAIC

Redwood Investment Management LLC bought a new position in Science Applications International Corporation (NASDAQ:SAIC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,861 shares of the company's stock, valued at approximately $2,193,000.

Several other hedge funds also recently modified their holdings of SAIC. Cresset Asset Management LLC lifted its position in Science Applications International by 4.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company's stock worth $234,000 after buying an additional 88 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company's stock worth $326,000 after purchasing an additional 94 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Science Applications International by 5.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company's stock valued at $213,000 after acquiring an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Science Applications International by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company's stock valued at $319,000 after acquiring an additional 115 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Science Applications International by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 30,468 shares of the company's stock worth $3,067,000 after buying an additional 151 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Stock Performance

Shares of NASDAQ SAIC opened at $127.58 on Thursday. The company has a market cap of $5.39 billion, a P/E ratio of 14.37 and a beta of 0.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73. Science Applications International Corporation has a 12 month low of $81.08 and a 12 month high of $129.70. The business's 50 day moving average is $117.02 and its two-hundred day moving average is $104.14.

Science Applications International (NASDAQ:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.97. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.Science Applications International's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities analysts expect that Science Applications International Corporation will post 10.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Science Applications International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. The Goldman Sachs Group boosted their price target on shares of Science Applications International from $85.00 to $96.00 and gave the stock a "sell" rating in a report on Friday, June 12th. UBS Group increased their price target on Science Applications International from $113.00 to $119.00 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. Citigroup upped their price target on Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $116.89.

Science Applications International Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company's core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC's work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.

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