IFP Advisors Inc Acquires 280 Shares of Science Applications International Co. $SAIC

IFP Advisors Inc grew its holdings in Science Applications International Co. (NYSE:SAIC) by 28.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,268 shares of the information technology services provider’s stock after purchasing an additional 280 shares during the quarter. IFP Advisors Inc’s holdings in Science Applications International were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. raised its stake in Science Applications International by 14.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider’s stock worth $280,685,000 after buying an additional 313,539 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Science Applications International by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,141,923 shares of the information technology services provider’s stock worth $128,202,000 after acquiring an additional 30,343 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock worth $107,379,000 after purchasing an additional 513,192 shares during the last quarter. Invesco Ltd. boosted its position in Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after purchasing an additional 485,496 shares in the last quarter. Finally, LSV Asset Management grew its stake in Science Applications International by 8.3% in the first quarter. LSV Asset Management now owns 535,295 shares of the information technology services provider’s stock valued at $60,098,000 after purchasing an additional 41,139 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SAIC. 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 report on Friday, September 5th. JPMorgan Chase & Co. reaffirmed 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. Truist Financial boosted their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. Jefferies Financial Group cut their price target on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, September 10th. Finally, 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 note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and an average price target of $115.10.

Science Applications International Price Performance

Shares of SAIC opened at $97.51 on Friday. The business’s 50-day moving average is $107.03 and its two-hundred day moving average is $111.61. The company has a market capitalization of $4.49 billion, a P/E ratio of 16.44 and a beta of 0.44. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. 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) last issued its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International’s payout ratio is 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.