VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $695,000 Investment in Science Applications International Corporation $SAIC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Science Applications International Corporation (NASDAQ:SAIC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,900 shares of the company’s stock, valued at approximately $695,000.

A number of other hedge funds have also made changes to their positions in the business. Cresset Asset Management LLC increased its holdings in shares of Science Applications International by 4.4% in the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock valued at $234,000 after acquiring an additional 88 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after acquiring an additional 94 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Science Applications International by 5.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock valued at $213,000 after acquiring an additional 111 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Science Applications International by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock valued at $319,000 after acquiring an additional 115 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Science Applications International by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,467 shares of the company’s stock valued at $444,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

NASDAQ:SAIC opened at $92.93 on Monday. The stock’s 50 day moving average price is $95.19 and its 200 day moving average price is $96.19. The company has a market capitalization of $4.04 billion, a PE ratio of 12.08 and a beta of 0.28. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $124.11.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 EPS. On average, research analysts anticipate that Science Applications International Corporation will post 9.61 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, April 10th. Science Applications International’s dividend payout ratio (DPR) is 19.25%.

Analysts Set New Price Targets

A number of research firms have recently commented on SAIC. Truist Financial dropped their price objective on Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Citigroup dropped their price objective on Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. Stifel Nicolaus dropped their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, Zacks Research downgraded Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Three 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.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $110.78.

Science Applications International Company 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.