Science Applications International Co. (NYSE:SAIC) Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in Science Applications International Co. (NYSE:SAIC) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,730,629 shares of the information technology services provider’s stock after selling 40,666 shares during the quarter. Vanguard Group Inc. owned approximately 9.91% of Science Applications International worth $531,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of 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 during the period. Larson Financial Group LLC raised its position in shares of 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 purchasing an additional 98 shares during the period. US Bancorp DE raised its position 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 purchasing an additional 90 shares during the period. True Wealth Design LLC acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $48,000. Finally, Fifth Third Bancorp raised 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 purchasing an additional 88 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $117.31 on Friday. The stock has a fifty day moving average price of $111.89 and a two-hundred day moving average price of $111.48. 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 has a market cap of $5.50 billion, a P/E ratio of 19.78 and a beta of 0.49. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. Research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.76%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial increased their price target on Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their target price on Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Stifel Nicolaus initiated coverage on Science Applications International in a research report on Tuesday, June 24th. They issued a “buy” rating and a $130.00 target price on the stock. Jefferies Financial Group raised their target price on Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Finally, Barclays lowered their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average target price of $125.64.

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.