Science Applications International Co. $SAIC Shares Sold by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc cut its holdings in Science Applications International Co. (NYSE:SAIC) by 14.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,335 shares of the information technology services provider’s stock after selling 5,297 shares during the period. Science Applications International accounts for about 1.5% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 12th largest holding. Armstrong Fleming & Moore Inc owned approximately 0.07% of Science Applications International worth $3,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in Science Applications International by 5.3% in the 2nd quarter. First Trust Advisors LP now owns 1,465,151 shares of the information technology services provider’s stock valued at $164,991,000 after purchasing an additional 73,363 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Science Applications International by 36.3% during the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock worth $143,578,000 after buying an additional 347,456 shares during the period. LSV Asset Management boosted its position in shares of Science Applications International by 143.2% during the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock worth $146,621,000 after buying an additional 766,734 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Science Applications International by 78.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock valued at $101,608,000 after buying an additional 396,037 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Science Applications International by 1.0% in the 2nd quarter. Invesco Ltd. now owns 883,388 shares of the information technology services provider’s stock valued at $99,478,000 after buying an additional 8,793 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Activity at Science Applications International

In other Science Applications International news, CEO James Reagan purchased 1,000 shares of Science Applications International stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $100.17 per share, with a total value of $100,170.00. Following the completion of the transaction, the chief executive officer directly owned 26,460 shares in the company, valued at approximately $2,650,498.20. This represents a 3.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is currently owned by company insiders.

Science Applications International Trading Down 0.8%

Shares of Science Applications International stock opened at $102.48 on Wednesday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 17.28 and a beta of 0.30. Science Applications International Co. has a 52-week low of $84.15 and a 52-week high of $124.11. The company’s 50-day simple moving average is $94.19 and its 200-day simple moving average is $103.93. 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 (NYSE:SAIC) last released its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $2.61 earnings per share. Science Applications International’s quarterly 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. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

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

Wall Street Analysts Forecast Growth

SAIC has been the subject of several recent research reports. UBS Group raised their price target on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Jefferies Financial Group reduced their price objective on 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. Citigroup began coverage on Science Applications International in a report on Friday, December 12th. They issued a “buy” rating and a $122.00 target price for the company. Stifel Nicolaus cut their price target on Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. increased their price target on Science Applications International from $115.00 to $125.00 and gave the company 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.91.

Science Applications International Company Profile

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.