Bank of New York Mellon Corp Acquires 6,179 Shares of Science Applications International Corporation $SAIC

Bank of New York Mellon Corp raised its stake in Science Applications International Corporation (NASDAQ:SAIC) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 431,455 shares of the company’s stock after buying an additional 6,179 shares during the quarter. Bank of New York Mellon Corp owned about 0.99% of Science Applications International worth $40,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SAIC. Goldman Sachs Group Inc. lifted its position in Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after acquiring an additional 26,633 shares in the last quarter. Empowered Funds LLC increased its holdings in Science Applications International by 93.2% during the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock worth $1,204,000 after purchasing an additional 5,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Science Applications International by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock worth $16,863,000 after purchasing an additional 7,816 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after purchasing an additional 94 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Science Applications International by 1.0% in the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock valued at $1,952,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SAIC shares. BNP Paribas Exane initiated coverage on Science Applications International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective for the company. Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. TD Cowen cut their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Citigroup upped their price target on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.22.

Science Applications International Trading Up 2.1%

Science Applications International stock opened at $118.99 on Friday. The firm has a 50-day moving average of $109.36 and a 200-day moving average of $101.41. Science Applications International Corporation has a one year low of $81.08 and a one year high of $123.41. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 13.40 and a beta of 0.29.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company earned $1.42 EPS. Science Applications International’s revenue for the quarter was up 1.5% compared to the same quarter last year. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities analysts expect that Science Applications International Corporation will post 10.01 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, July 10th. Science Applications International’s dividend payout ratio (DPR) is currently 16.67%.

Science Applications International 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.