Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 3,210 Shares of Science Applications International Co. $SAIC

Key Points

• Town & Country Bank & Trust CO reduced its stake in Science Applications International Co. by 58.5%, selling 3,210 shares in the second quarter, and now holds 2,276 shares valued at $256,000.
• Science Applications International reported $3.63 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $1.77 billion, which was below the anticipated $1.87 billion.
• The company announced a quarterly dividend of $0.37, representing a 1.5% yield, with the ex-dividend date set for October 10th.

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 58.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,276 shares of the information technology services provider's stock after selling 3,210 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Science Applications International were worth $256,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its position in Science Applications International by 112.1% in 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 during the last quarter. US Bancorp DE grew its stake 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. Larson Financial Group LLC increased its holdings in 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 worth $36,000 after acquiring an additional 98 shares during the last quarter. Fifth Third Bancorp raised its stake in 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 acquiring an additional 88 shares during the period. Finally, Hughes Financial Services LLC purchased a new stake in Science Applications International during the first quarter valued at about $58,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Price Performance

SAIC opened at $101.45 on Tuesday. The stock has a 50-day moving average price of $112.65 and a 200-day moving average price of $113.04. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.67 billion, a P/E ratio of 17.11 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $1.38. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, October 10th. Science Applications International's payout ratio is presently 17.92%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group cut their price objective on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a report on Friday, September 5th. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a report on Monday, September 8th. Jefferies Financial Group cut their price target on Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $115.00 price target (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $120.64.

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.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAIC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.