Foster & Motley Inc. Increases Stock Holdings in Science Applications International Co. $SAIC

Foster & Motley Inc. increased its holdings in Science Applications International Co. (NYSE:SAIC) by 648.9% in the second quarter, Holdings Channel.com reports. The firm owned 25,524 shares of the information technology services provider’s stock after purchasing an additional 22,116 shares during the period. Foster & Motley Inc.’s holdings in Science Applications International were worth $2,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 98 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 88 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Science Applications International during the first quarter worth about $58,000. Finally, Quarry LP lifted its stake in shares of Science Applications International by 97.0% during the first quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock worth $67,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Up 0.7%

NYSE:SAIC opened at $97.51 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The business’s 50-day simple moving average is $107.03 and its 200 day simple moving average is $111.61. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 16.44 and a beta of 0.44.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping the consensus estimate 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 return on equity of 24.18% and a net margin of 4.11%.The company’s revenue was down 2.7% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

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

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research note on Monday, September 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a research note on Monday, September 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. 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 research note on Friday, September 5th. Finally, Truist Financial boosted their price target on Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average target price of $115.10.

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.