Fifth Third Bancorp Buys 62,589 Shares of Science Applications International Corporation $SAIC

Fifth Third Bancorp lifted its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 13,176.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 63,064 shares of the company’s stock after buying an additional 62,589 shares during the quarter. Fifth Third Bancorp’s holdings in Science Applications International were worth $5,986,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in Science Applications International in the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC lifted its position 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 last quarter. Wexford Capital LP bought a new stake in shares of Science Applications International during the third quarter worth approximately $29,000. Rakuten Securities Inc. grew its position in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $35,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Down 0.3%

Shares of SAIC stock opened at $114.90 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4.86 billion, a P/E ratio of 12.94 and a beta of 0.29. The stock has a 50 day simple moving average of $106.66 and a 200 day simple moving average of $100.83. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $123.41.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, research analysts predict that Science Applications International Corporation will post 10.15 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. Science Applications International’s dividend payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SAIC shares. JPMorgan Chase & Co. lifted their price target on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group upped their price objective on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. Weiss Ratings upgraded Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. UBS Group lifted their target price on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $115.22.

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.