Swiss National Bank Has $10.63 Million Stock Holdings in Science Applications International Co. $SAIC

Key Points

• Swiss National Bank reduced its holdings in Science Applications International Co. (SAIC) by 2.8%, selling 2,700 shares and retaining a total of 94,715 shares worth about $10.63 million.
• The company recently reported earnings of $1.92 per share, missing analysts' expectations of $2.17, while its revenue increased by 1.6% year-over-year.
• Science Applications International declared a quarterly dividend of $0.37 per share, reflecting an annualized dividend of $1.48 and a yield of 1.3%.

Swiss National Bank trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,715 shares of the information technology services provider's stock after selling 2,700 shares during the quarter. Swiss National Bank owned about 0.20% of Science Applications International worth $10,634,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Ontario Teachers Pension Plan Board bought a new position in Science Applications International during the first quarter worth about $1,414,000. Wealthspire Advisors LLC increased its position in Science Applications International by 6.7% during the first quarter. Wealthspire Advisors LLC now owns 1,946 shares of the information technology services provider's stock worth $218,000 after acquiring an additional 122 shares during the period. Connable Office Inc. bought a new position in Science Applications International during the first quarter worth about $219,000. Bank of Nova Scotia increased its position in Science Applications International by 22.2% during the first quarter. Bank of Nova Scotia now owns 4,109 shares of the information technology services provider's stock worth $461,000 after acquiring an additional 746 shares during the period. Finally, LSV Asset Management increased its position in Science Applications International by 8.3% during the first quarter. LSV Asset Management now owns 535,295 shares of the information technology services provider's stock worth $60,098,000 after acquiring an additional 41,139 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Price Performance

Shares of Science Applications International stock traded up $0.30 during midday trading on Wednesday, hitting $117.20. 70,980 shares of the company traded hands, compared to its average volume of 655,099. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 19.76 and a beta of 0.49. 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 firm's fifty day moving average price is $112.68 and its 200-day moving average price is $111.71. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same quarter in the prior year, the business earned $1.92 EPS. The business's revenue was up 1.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.37 per share. The ex-dividend date was Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.3%. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Truist Financial raised their target price on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Barclays decreased their target price on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Wells Fargo & Company raised their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, UBS Group decreased their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.64.

Science Applications International 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.