Science Applications International Co. $SAIC Position Lifted by Citigroup Inc.

Citigroup Inc. grew its stake in shares of Science Applications International Co. (NYSE:SAIC) by 242.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,233 shares of the information technology services provider’s stock after acquiring an additional 33,443 shares during the period. Citigroup Inc. owned about 0.10% of Science Applications International worth $4,694,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC grew its stake in Science Applications International by 1.5% in the third quarter. Cassaday & Co Wealth Management LLC now owns 10,626 shares of the information technology services provider’s stock worth $1,056,000 after purchasing an additional 159 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Science Applications International by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 175,961 shares of the information technology services provider’s stock valued at $17,485,000 after buying an additional 53,684 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Science Applications International by 6.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 17,992 shares of the information technology services provider’s stock worth $1,788,000 after buying an additional 1,127 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Science Applications International by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,467 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 116 shares in the last quarter. Finally, GenTrust LLC bought a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $819,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. UBS Group lifted their target price on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. The Goldman Sachs Group lowered their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.44.

Insiders Place Their Bets

In other Science Applications International news, CEO James Reagan acquired 1,000 shares of Science Applications International stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $100.17 per share, for a total transaction of $100,170.00. Following the transaction, the chief executive officer owned 26,460 shares in the company, valued at approximately $2,650,498.20. This trade represents a 3.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.44% of the company’s stock.

Science Applications International Trading Up 2.1%

Shares of NYSE:SAIC opened at $94.42 on Wednesday. The company has a 50 day moving average of $99.95 and a 200-day moving average of $99.69. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $4.26 billion, a P/E ratio of 15.92 and a beta of 0.28. Science Applications International Co. has a twelve month low of $81.08 and a twelve month high of $124.11.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. The firm’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, analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

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.