Andra AP fonden Lowers Stock Holdings in Science Applications International Co. $SAIC

Andra AP fonden cut its holdings in Science Applications International Co. (NYSE:SAIC) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,998 shares of the information technology services provider’s stock after selling 2,001 shares during the period. Andra AP fonden’s holdings in Science Applications International were worth $2,027,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Larson Financial Group LLC increased 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 valued at $36,000 after purchasing an additional 98 shares during the last quarter. US Bancorp DE grew its holdings in Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 90 shares during the period. Hughes Financial Services LLC acquired a new position in shares of Science Applications International during the 1st quarter valued at about $58,000. Quarry LP lifted its holdings in shares of Science Applications International by 97.0% during the 1st quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock worth $67,000 after acquiring an additional 293 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Science Applications International by 174.1% in the first quarter. Signaturefd LLC now owns 614 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 390 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the subject of several research analyst reports. Truist Financial upped their price target 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. The Goldman Sachs Group dropped their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a report on Monday, September 8th. UBS Group cut their target price 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. Jefferies Financial Group lowered their price target on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, September 10th. Finally, Stifel Nicolaus dropped their price target on 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 investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.10.

Science Applications International Trading Up 1.4%

NYSE:SAIC opened at $91.81 on Friday. The business’s 50-day moving average is $99.84 and its two-hundred day moving average is $109.48. The firm has a market capitalization of $4.23 billion, a PE ratio of 15.48 and a beta of 0.43. Science Applications International Co. has a 12 month low of $89.71 and a 12 month high of $155.09. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates 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 for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm 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 fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. Science Applications International’s dividend payout ratio (DPR) 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.