Science Applications International Co. $SAIC Shares Acquired by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its holdings in Science Applications International Co. by 648.9%, acquiring 22,116 additional shares in Q2, valuing their ownership at approximately $2.87 million.
• Recent analyst ratings have seen a mixed response, with Goldman Sachs reducing their price target to $91.00 (a "sell" rating) and Stifel Nicolaus maintaining a "buy" rating, albeit lowering the target to $128.00.
• Science Applications International has declared a quarterly dividend of $0.37 per share, with an annualized dividend yield of 1.5%, scheduled to be paid on October 24th.

Foster & Motley Inc. grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 648.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,524 shares of the information technology services provider's stock after buying an additional 22,116 shares during the quarter. Foster & Motley Inc. owned about 0.05% of Science Applications International worth $2,874,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted 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 buying an additional 98 shares during the period. US Bancorp DE lifted 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 buying an additional 90 shares during the period. Fifth Third Bancorp lifted 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 buying an additional 88 shares during the period. Hughes Financial Services LLC acquired a new stake in shares of Science Applications International in the 1st quarter valued at approximately $58,000. Finally, Quarry LP lifted its holdings in shares of Science Applications International by 97.0% in the 1st quarter. Quarry LP now owns 595 shares of the information technology services provider's stock valued at $67,000 after buying an additional 293 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on SAIC shares. The Goldman Sachs Group reduced their price target on Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a report on Monday, September 8th. Stifel Nicolaus dropped their price objective on Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $115.00 price objective (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. 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 research note on Thursday, July 24th. Finally, UBS Group dropped their price objective on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $115.10.

Science Applications International Stock Performance

Science Applications International stock opened at $97.51 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $107.03 and a two-hundred day moving average of $111.61. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.44 and a beta of 0.44. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International's revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International's dividend payout ratio (DPR) is presently 17.92%.

Science Applications International Company 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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