Farther Finance Advisors LLC Reduces Stake in Science Applications International Co. $SAIC

Farther Finance Advisors LLC lowered its stake in Science Applications International Co. (NYSE:SAIC) by 25.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,295 shares of the information technology services provider’s stock after selling 1,114 shares during the period. Farther Finance Advisors LLC’s holdings in Science Applications International were worth $371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its stake in Science Applications International by 22.7% in the first 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 last quarter. US Bancorp DE lifted its stake in Science Applications International by 38.5% in the first 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 last quarter. Focus Partners Wealth lifted its stake in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock worth $326,000 after purchasing an additional 94 shares during the last quarter. Larson Financial Group LLC lifted its stake in Science Applications International by 43.2% in the first 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 last quarter. Finally, Wealthspire Advisors LLC lifted its stake in Science Applications International by 6.7% in the first quarter. Wealthspire Advisors LLC now owns 1,946 shares of the information technology services provider’s stock worth $218,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research note on Monday, September 8th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. UBS Group decreased their price target on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, Stifel Nicolaus decreased their price target on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $120.64.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $97.67 on Monday. The firm has a 50 day moving average of $111.51 and a 200 day moving average of $112.81. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 16.47 and a beta of 0.49.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, sell-side 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 company also recently declared 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. This represents a $1.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International’s payout ratio is currently 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.