Louisiana State Employees Retirement System bought a new position in Science Applications International Corporation (NASDAQ:SAIC – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,100 shares of the company’s stock, valued at approximately $1,243,000.
A number of other hedge funds also recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at approximately $25,000. Transamerica Financial Advisors LLC lifted its stake in Science Applications International by 477.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Wexford Capital LP bought a new position in Science Applications International in the 3rd quarter valued at approximately $29,000. Rakuten Securities Inc. boosted its position in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after buying an additional 249 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Science Applications International in the fourth quarter valued at approximately $35,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SAIC. The Goldman Sachs Group upped their price target on shares of Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a report on Friday, June 12th. BNP Paribas Exane started coverage on Science Applications International in a report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective on the stock. Stifel Nicolaus reduced their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. UBS Group upped their target price on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Citigroup increased their target price on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $114.00.
Science Applications International Stock Performance
SAIC opened at $110.96 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $123.41. The company’s 50 day moving average price is $103.26 and its two-hundred day moving average price is $100.10. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 12.50 and a beta of 0.29.
Science Applications International (NASDAQ:SAIC – Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. Science Applications International’s revenue 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. As a group, research analysts predict that Science Applications International Corporation will post 10.14 earnings per share for the current year.
Science Applications International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.48 annualized dividend and a yield of 1.3%. Science Applications International’s payout ratio is presently 16.67%.
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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