Parsons Capital Management Inc. RI trimmed its holdings in Science Applications International Co. (NYSE:SAIC – Free Report) by 0.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 21,152 shares of the information technology services provider’s stock after selling 122 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Science Applications International were worth $2,382,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its position in Science Applications International by 9.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider’s stock worth $355,000 after purchasing an additional 271 shares during the period. Concurrent Investment Advisors LLC acquired a new position in Science Applications International during the 1st quarter worth approximately $204,000. Wealth Enhancement Advisory Services LLC increased its position in Science Applications International by 61.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider’s stock worth $1,874,000 after purchasing an additional 6,011 shares during the period. SG Americas Securities LLC increased its position in Science Applications International by 19.4% during the 1st quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider’s stock worth $506,000 after purchasing an additional 732 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Science Applications International by 17.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider’s stock worth $4,619,000 after purchasing an additional 6,137 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on SAIC. Jefferies Financial Group dropped their target price on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, September 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $115.00 target price (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. UBS Group lowered 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 report on Friday, September 5th. Finally, Stifel Nicolaus lowered their target price on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Three investment 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 data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average price target of $120.64.
Science Applications International Stock Down 0.5%
SAIC stock opened at $100.65 on Friday. The company’s 50 day simple moving average is $110.33 and its 200-day simple moving average is $112.51. The firm has a market capitalization of $4.63 billion, a PE ratio of 16.97 and a beta of 0.49. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.
Science Applications International (NYSE:SAIC – Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $2.25 by $1.38. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.
Science Applications International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio is currently 17.92%.
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.
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