Russell Investments Group Ltd. Has $1.60 Million Stock Holdings in Science Applications International Co. $SAIC

Russell Investments Group Ltd. decreased its holdings in Science Applications International Co. (NYSE:SAIC) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,223 shares of the information technology services provider’s stock after selling 1,607 shares during the quarter. Russell Investments Group Ltd.’s holdings in Science Applications International were worth $1,597,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SAIC. Parallel Advisors LLC increased 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 in the last quarter. Larson Financial Group LLC increased 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 in the last quarter. US Bancorp DE increased 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 in the last quarter. True Wealth Design LLC acquired a new stake in shares of Science Applications International during the 4th quarter worth about $48,000. Finally, Fifth Third Bancorp increased 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 in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

SAIC has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price 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. Barclays dropped their target price 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. Stifel Nicolaus initiated coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a “buy” rating and a $130.00 target price for the company. UBS Group dropped their target price on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $125.64.

Science Applications International Trading Down 0.2%

SAIC opened at $119.34 on Thursday. 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 $5.59 billion, a PE ratio of 20.12 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. The firm has a 50-day moving average price of $114.35 and a two-hundred day moving average price of $112.17.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share 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%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

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.