Science Applications International Corporation $SAIC Shares Acquired by Bank of America Corp DE

Bank of America Corp DE lifted its position in Science Applications International Corporation (NASDAQ:SAIC - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,538 shares of the company's stock after purchasing an additional 56,720 shares during the period. Bank of America Corp DE owned about 0.88% of Science Applications International worth $36,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LBP AM SA grew its stake in Science Applications International by 39.1% during the 4th quarter. LBP AM SA now owns 80,767 shares of the company's stock valued at $8,130,000 after acquiring an additional 22,692 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Science Applications International by 57.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,395 shares of the company's stock valued at $5,514,000 after buying an additional 19,920 shares during the period. Comerica Bank increased its stake in shares of Science Applications International by 46.2% during the fourth quarter. Comerica Bank now owns 61,863 shares of the company's stock worth $6,227,000 after buying an additional 19,554 shares during the period. Ruffer LLP acquired a new stake in shares of Science Applications International in the 4th quarter valued at $5,813,000. Finally, Vanguard Group Inc. lifted its stake in Science Applications International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company's stock worth $458,502,000 after purchasing an additional 15,272 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SAIC. Truist Financial reiterated a "hold" rating and set a $110.00 target price (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Citigroup lifted their price objective on Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Science Applications International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, June 11th. BNP Paribas Exane assumed coverage on shares of Science Applications International in a research note on Wednesday, May 27th. They set a "neutral" rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Science Applications International from $110.00 to $125.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $115.22.

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $126.68 on Friday. The business's fifty day moving average price is $114.62 and its two-hundred day moving average price is $102.66. The firm has a market capitalization of $5.36 billion, a PE ratio of 14.27 and a beta of 0.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. Science Applications International Corporation has a 1-year low of $81.08 and a 1-year high of $128.00.

Science Applications International (NASDAQ:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97. The company had revenue of $1.91 billion for 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%.The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, research analysts expect that Science Applications International Corporation will post 10.01 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.37 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International's dividend payout ratio is currently 16.67%.

About Science Applications International

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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