Focus Partners Advisor Solutions LLC Raises Position in Science Applications International Co. $SAIC

Focus Partners Advisor Solutions LLC boosted its holdings in Science Applications International Co. (NYSE:SAIC) by 161.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,674 shares of the information technology services provider’s stock after purchasing an additional 4,735 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Science Applications International were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAIC. GAMMA Investing LLC raised its stake in Science Applications International by 96.8% during the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider’s stock valued at $69,000 after buying an additional 302 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Science Applications International by 387.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider’s stock worth $14,362,000 after purchasing an additional 100,760 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of 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. Aaron Wealth Advisors LLC acquired a new stake in Science Applications International in the 1st quarter valued at approximately $235,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Science Applications International in the 1st quarter valued at approximately $204,000. 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 several research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $115.00 price target (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Truist Financial lifted their price target on Science Applications International from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. The Goldman Sachs Group lowered their price target on 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. Stifel Nicolaus lowered their price target on 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. Finally, Jefferies Financial Group lowered their price target 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. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of “Hold” and an average target price of $115.10.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $92.34 on Wednesday. The stock has a market cap of $4.25 billion, a PE ratio of 15.57 and a beta of 0.44. The business has a fifty day simple moving average of $104.14 and a 200-day simple moving average of $110.89. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12 month low of $91.89 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping the consensus estimate of $2.25 by $1.38. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.6%. Science Applications International’s dividend payout ratio (DPR) is presently 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.