Science Applications International Corporation $SAIC Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 21.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,497,019 shares of the company’s stock after selling 415,371 shares during the period. First Trust Advisors LP’s holdings in Science Applications International were worth $142,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cresset Asset Management LLC lifted its position in shares of Science Applications International by 4.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock valued at $234,000 after acquiring an additional 88 shares during the period. Focus Partners Wealth increased its stake in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after purchasing an additional 94 shares in the last quarter. International Assets Investment Management LLC increased its stake in Science Applications International by 5.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock valued at $213,000 after purchasing an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Science Applications International by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock worth $319,000 after purchasing an additional 115 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Science Applications International by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock worth $3,067,000 after purchasing an additional 151 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIC. Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. BNP Paribas Exane assumed coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective on the stock. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Citigroup raised their target price on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Two research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $115.22.

Science Applications International Trading Up 0.5%

Science Applications International stock opened at $116.50 on Friday. The stock has a market cap of $4.93 billion, a PE ratio of 13.12 and a beta of 0.29. The stock has a 50-day moving average price of $108.84 and a 200 day moving average price of $101.29. Science Applications International Corporation has a 52 week low of $81.08 and a 52 week high of $123.41. 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 (NASDAQ:SAIC) last announced its earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.97. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Equities research analysts predict that Science Applications International Corporation will post 10.01 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, July 24th. Stockholders of record on Friday, July 10th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. Science Applications International’s payout ratio is currently 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.