Foster & Motley Inc. Acquires Shares of 18,485 Science Applications International Corporation $SAIC

Foster & Motley Inc. bought a new position in shares of Science Applications International Corporation (NASDAQ:SAIC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 18,485 shares of the company’s stock, valued at approximately $2,041,000.

A number of other large investors have also recently made changes to their positions in SAIC. Los Angeles Capital Management LLC bought a new position in Science Applications International during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of 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 in the last quarter. Wexford Capital LP bought a new stake in shares of Science Applications International in the 3rd quarter valued at about $29,000. Rakuten Securities Inc. lifted its position in shares of Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Science Applications International in the 4th quarter worth approximately $35,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. BNP Paribas Exane assumed coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target on the stock. Wall Street Zen raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Citigroup lifted their target price on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group boosted their target price 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. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $115.22.

Science Applications International Stock Performance

SAIC opened at $125.95 on Wednesday. The firm’s 50-day moving average price is $115.08 and its 200-day moving average price is $102.95. The company has a market cap of $5.33 billion, a P/E ratio of 14.18 and a beta of 0.28. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $128.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.97. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, equities analysts anticipate that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. Science Applications International’s dividend payout ratio (DPR) is currently 16.67%.

About Science Applications International

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.