Bayforest Capital Ltd Has $184,000 Holdings in Science Applications International Co. $SAIC

Bayforest Capital Ltd lifted its holdings in Science Applications International Co. (NYSE:SAIC) by 336.4% in the 2nd quarter, Holdings Channel reports. The firm owned 1,632 shares of the information technology services provider’s stock after buying an additional 1,258 shares during the quarter. Bayforest Capital Ltd’s holdings in Science Applications International were worth $184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SAIC. Larson Financial Group LLC raised its holdings in Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 98 shares during the period. US Bancorp DE lifted its position in Science Applications International by 38.5% during the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. Fifth Third Bancorp lifted its position in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 88 shares during the last quarter. Hughes Financial Services LLC acquired a new position in Science Applications International during the 1st quarter worth $58,000. Finally, Quarry LP lifted its position in Science Applications International by 97.0% during the 1st quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock worth $67,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Stifel Nicolaus cut their target price 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. The Goldman Sachs Group cut their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research report on Monday, September 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $115.10.

Science Applications International Stock Performance

NYSE:SAIC opened at $96.88 on Friday. The firm’s 50-day moving average is $107.42 and its 200-day moving average is $111.74. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. 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 has a market cap of $4.46 billion, a price-to-earnings ratio of 16.34 and a beta of 0.44.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. Science Applications International’s payout ratio is presently 17.92%.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.