Redwood Investment Management LLC Makes New $2.19 Million Investment in Science Applications International Corporation $SAIC

Redwood Investment Management LLC bought a new position in Science Applications International Corporation (NASDAQ:SAIC) in the 2nd quarter, Holdings Channel reports. The firm bought 19,861 shares of the company’s stock, valued at approximately $2,193,000.

Other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in shares of Science Applications International during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC raised its stake in Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after acquiring an additional 215 shares during the period. Rakuten Securities Inc. increased its stake in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after buying an additional 249 shares during the period. Wexford Capital LP acquired a new stake in Science Applications International during the 3rd quarter worth about $29,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Science Applications International in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Citigroup boosted their price objective on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group lifted their price objective on Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. Truist Financial reiterated a “hold” rating and set a $110.00 target price (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Finally, TD Cowen cut their target price on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $116.89.

Science Applications International Stock Up 0.2%

Science Applications International stock opened at $127.58 on Thursday. The business’s 50-day simple moving average is $117.02 and its two-hundred day simple moving average is $104.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $129.70. The company has a market cap of $5.39 billion, a PE ratio of 14.37 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping 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 company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business posted $1.42 earnings per share. The firm’s revenue for the quarter 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. Equities analysts anticipate that Science Applications International Corporation will post 10.01 EPS for the current year.

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.