Signaturefd LLC Lowers Position in Science Applications International Co. $SAIC

Signaturefd LLC trimmed its stake in shares of Science Applications International Co. (NYSE:SAIC) by 32.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417 shares of the information technology services provider’s stock after selling 197 shares during the quarter. Signaturefd LLC’s holdings in Science Applications International were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SAIC. 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 acquiring an additional 148 shares during the last quarter. Larson Financial Group LLC grew 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 grew 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 grew 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 Science Applications International during the 1st quarter worth approximately $58,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SAIC has been the topic of several recent research reports. UBS Group reduced their price target on Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Barclays reduced their price target 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. The Goldman Sachs Group cut their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $115.00 price objective (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Finally, Truist Financial lifted their price objective 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $120.64.

Science Applications International Trading Up 1.1%

SAIC opened at $102.83 on Tuesday. The stock has a market cap of $4.73 billion, a PE ratio of 17.34 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $109.86 and a 200-day moving average of $112.45. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $1.38. The company had revenue of $1.77 billion during 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%.The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 10th. Science Applications International’s dividend payout ratio (DPR) is presently 17.92%.

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.