United Services Automobile Association Invests $381,000 in Science Applications International Co. $SAIC

Key Points

• United Services Automobile Association has made a new investment of approximately $381,000 in Science Applications International Co. by purchasing 3,389 shares, as reported in their recent SEC filing.
• Multiple large investors have increased their holdings in Science Applications International, with institutional investors currently owning 76% of the stock.
• Science Applications International recently reported quarterly earnings of $3.63 per share, exceeding analyst expectations, but its revenue of $1.77 billion fell short of estimates.

United Services Automobile Association acquired a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,389 shares of the information technology services provider's stock, valued at approximately $381,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares in the last quarter. Larson Financial Group LLC lifted its position in Science Applications International by 43.2% during 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. US Bancorp DE lifted its position in 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 last quarter. Fifth Third Bancorp lifted its position in 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 during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Science Applications International during the 1st quarter worth about $58,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SAIC. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. The Goldman Sachs Group cut their price objective 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. Truist Financial increased their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Stifel Nicolaus lowered their price objective on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research report on Friday, September 5th. Finally, Barclays decreased their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. Three research 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 MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average price target of $120.64.

Science Applications International Stock Down 2.3%

Shares of Science Applications International stock traded down $2.49 during trading hours on Monday, reaching $103.93. The company's stock had a trading volume of 530,695 shares, compared to its average volume of 649,521. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a market capitalization of $4.78 billion, a P/E ratio of 17.53 and a beta of 0.49. The stock's fifty day simple moving average is $114.19 and its two-hundred day simple moving average is $113.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

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

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.4%. Science Applications International's dividend payout ratio is 17.92%.

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.