VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Science Applications International Corporation (NASDAQ:SAIC – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,900 shares of the company’s stock, valued at approximately $695,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares during the last quarter. Quent Capital LLC acquired a new position in Science Applications International during the third quarter worth $29,000. Wexford Capital LP acquired a new position in Science Applications International during the third quarter worth $29,000. Hantz Financial Services Inc. raised its holdings in Science Applications International by 281.1% during the third quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock worth $46,000 after purchasing an additional 343 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in Science Applications International during the second quarter worth $56,000. 76.00% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. The Goldman Sachs Group dropped their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research report on Thursday, February 12th. Truist Financial dropped their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Finally, Zacks Research downgraded Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $110.78.
Science Applications International Stock Performance
Science Applications International stock opened at $92.93 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a fifty day moving average of $95.19 and a two-hundred day moving average of $96.19. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 12.08 and a beta of 0.28. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $124.11.
Science Applications International (NASDAQ:SAIC – Get Free Report) last released its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.83. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.Science Applications International’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 earnings per share. On average, analysts anticipate that Science Applications International Corporation will post 9.61 EPS for the current fiscal year.
Science Applications International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. 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.
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