JPMorgan Chase & Co. Sells 16,195 Shares of Science Applications International Co. $SAIC

JPMorgan Chase & Co. trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 11.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,277 shares of the information technology services provider’s stock after selling 16,195 shares during the period. JPMorgan Chase & Co. owned 0.26% of Science Applications International worth $13,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAIC. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Science Applications International by 324.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 188 shares in the last quarter. US Bancorp DE boosted its position in Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Science Applications International by 315.5% in the 2nd quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 265 shares during the period. Quarry LP increased its stake in shares of Science Applications International by 97.0% in the 1st quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock valued at $67,000 after buying an additional 293 shares during the period. Finally, Allworth Financial LP raised its position in shares of Science Applications International by 638.1% during the second quarter. Allworth Financial LP now owns 620 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 536 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

NYSE SAIC opened at $100.61 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 16.97 and a beta of 0.30. The business has a 50 day simple moving average of $93.45 and a 200 day simple moving average of $104.99. Science Applications International Co. has a 52-week low of $84.15 and a 52-week high of $124.11.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company earned $2.61 EPS. The company’s revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is currently 18.93%.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of research reports. The Goldman Sachs Group lowered their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research report on Monday, September 8th. UBS Group reduced their target price on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Jefferies Financial Group dropped their price target on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, September 10th. JPMorgan Chase & Co. increased their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday. Finally, Stifel Nicolaus lowered their target price on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $116.10.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.