Science Applications International Corporation $SAIC Position Trimmed by Faithward Advisors LLC

Faithward Advisors LLC trimmed its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC) by 91.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,803 shares of the company’s stock after selling 28,438 shares during the period. Faithward Advisors LLC’s holdings in Science Applications International were worth $279,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Science Applications International during the 2nd quarter valued at about $81,148,000. Arrowstreet Capital Limited Partnership lifted its holdings in Science Applications International by 78.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the company’s stock worth $101,608,000 after acquiring an additional 396,037 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after acquiring an additional 347,456 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Science Applications International in the second quarter valued at approximately $31,271,000. Finally, LSV Asset Management boosted its stake in Science Applications International by 20.2% in the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock valued at $155,518,000 after acquiring an additional 263,006 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of research reports. Truist Financial dropped their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research report on Tuesday. UBS Group boosted their price objective on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. The Goldman Sachs Group dropped their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research report on Thursday, February 12th. Citigroup raised their target price on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus reduced their price target on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.89.

Science Applications International Trading Up 1.9%

Science Applications International stock opened at $96.40 on Thursday. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $124.11. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $4.19 billion, a PE ratio of 12.54 and a beta of 0.31. The firm has a 50 day simple moving average of $97.68 and a 200-day simple moving average of $97.90.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.57 earnings per share.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, April 10th. Science Applications International’s payout ratio is currently 19.25%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.