Stephens Inc. AR Invests $1.13 Million in Science Applications International Corporation $SAIC

Stephens Inc. AR acquired a new position in shares of Science Applications International Corporation (NASDAQ:SAIC) in the first quarter, Holdings Channel reports. The firm acquired 11,929 shares of the company’s stock, valued at approximately $1,132,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAIC. JPMorgan Chase & Co. increased its holdings in shares of Science Applications International by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock valued at $17,485,000 after acquiring an additional 53,684 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Science Applications International by 19.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock worth $21,870,000 after purchasing an additional 35,814 shares in the last quarter. Tudor Investment Corp ET AL grew its position in Science Applications International by 186.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 88,426 shares of the company’s stock worth $8,787,000 after purchasing an additional 57,546 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Science Applications International by 16.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 79,787 shares of the company’s stock valued at $8,031,000 after purchasing an additional 11,306 shares in the last quarter. Finally, LBP AM SA increased its stake in Science Applications International by 39.1% during the 4th quarter. LBP AM SA now owns 80,767 shares of the company’s stock valued at $8,130,000 after purchasing an additional 22,692 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC traded down $1.42 during midday trading on Friday, hitting $112.62. 258,122 shares of the company were exchanged, compared to its average volume of 592,848. The company’s 50 day simple moving average is $105.13 and its 200 day simple moving average is $100.52. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 12.68 and a beta of 0.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. Science Applications International Corporation has a 1-year low of $81.08 and a 1-year high of $123.41.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, sell-side analysts predict that Science Applications International Corporation will post 10.15 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, July 10th. Science Applications International’s dividend payout ratio (DPR) is currently 16.67%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAIC shares. Weiss Ratings upgraded shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. UBS Group upped their target price on Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus dropped their price target on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.22.

Science Applications International 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.