VIRGINIA RETIREMENT SYSTEMS ET Al Invests $713,000 in Science Applications International Co. $SAIC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,333 shares of the information technology services provider’s stock, valued at approximately $713,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock worth $36,000 after buying an additional 98 shares in the last quarter. US Bancorp DE boosted its stake 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 worth $36,000 after buying an additional 90 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Science Applications International in the first quarter worth approximately $58,000. Quarry LP boosted its stake in Science Applications International by 97.0% in the first quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock worth $67,000 after buying an additional 293 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Science Applications International by 96.8% in the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider’s stock worth $69,000 after buying an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SAIC shares. The Goldman Sachs Group cut their target price on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research note on Monday, September 8th. Jefferies Financial Group cut their target price on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, September 10th. UBS Group lowered their price objective on 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. Truist Financial boosted their price objective on Science Applications International from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.10.

Science Applications International Price Performance

Shares of SAIC stock opened at $94.09 on Friday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 15.87 and a beta of 0.44. The business’s fifty day moving average is $105.12 and its 200 day moving average is $111.17. Science Applications International Co. has a twelve month low of $91.89 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, topping the consensus estimate of $2.25 by $1.38. The company 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 firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, October 10th. Science Applications International’s dividend payout ratio is presently 17.92%.

Science Applications International Company 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.