Exchange Traded Concepts LLC Purchases Shares of 7,693 Science Applications International Co. $SAIC

Exchange Traded Concepts LLC acquired a new position in Science Applications International Co. (NYSE:SAIC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,693 shares of the information technology services provider’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Science Applications International by 324.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after buying an additional 188 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 249 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Science Applications International by 315.5% during the 2nd quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 265 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Science Applications International in the 2nd quarter worth $56,000. Finally, Quarry LP raised its position in shares of Science Applications International by 97.0% during the first quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock worth $67,000 after purchasing an additional 293 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Performance

Shares of SAIC opened at $103.35 on Tuesday. The company has a market capitalization of $4.66 billion, a PE ratio of 17.43 and a beta of 0.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50 day moving average price is $94.15 and its 200 day moving average price is $103.95. Science Applications International Co. has a 52 week low of $84.15 and a 52 week high of $124.11.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Research analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, January 14th. Science Applications International’s dividend payout ratio is presently 18.93%.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of recent analyst reports. Citigroup initiated coverage on Science Applications International in a research report on Friday, December 12th. They issued a “buy” rating and a $122.00 price target for the company. Jefferies Financial Group decreased their target price on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, September 10th. The Goldman Sachs Group cut their price target on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a report on Monday, September 8th. Stifel Nicolaus reduced 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 report on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Three 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.91.

Insider Buying and Selling at Science Applications International

In other news, CEO James Reagan purchased 1,000 shares of Science Applications International stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the acquisition, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. This represents a 3.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is owned by company insiders.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.