State of Alaska Department of Revenue Has $4.49 Million Stock Holdings in Science Applications International Co. $SAIC

Key Points

• The State of Alaska Department of Revenue increased its stake in Science Applications International Co. by 19.7%, owning 39,904 shares valued at approximately $4.49 million.
• Science Applications International recently declared a quarterly dividend of $0.37 per share, with an upcoming ex-dividend date of October 10th.
• Analysts have given the stock a consensus rating of "Hold" with an average target price of $120.64, reflecting mixed outlooks from various financial institutions.

State of Alaska Department of Revenue lifted its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 19.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,904 shares of the information technology services provider's stock after purchasing an additional 6,580 shares during the quarter. State of Alaska Department of Revenue owned 0.09% of Science Applications International worth $4,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after buying an additional 148 shares in the last quarter. Larson Financial Group LLC raised its position 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 in the last quarter. US Bancorp DE lifted its holdings 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 worth $36,000 after acquiring an additional 90 shares during the period. Fifth Third Bancorp boosted 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 worth $53,000 after acquiring an additional 88 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in shares of Science Applications International during the 1st quarter worth approximately $58,000. Institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays cut their target price on 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. Wells Fargo & Company boosted their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Finally, The Goldman Sachs Group lowered their target price on Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $120.64.

Science Applications International Price Performance

Shares of SAIC opened at $97.72 on Tuesday. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The business has a 50-day simple moving average of $111.22 and a two-hundred day simple moving average of $112.76. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market cap of $4.50 billion, a PE ratio of 16.48 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $2.05 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid 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 dividend 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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