530,527 Shares in Science Applications International Corporation $SAIC Acquired by Norges Bank

Norges Bank purchased a new stake in Science Applications International Corporation (NASDAQ:SAIC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 530,527 shares of the company’s stock, valued at approximately $53,403,000. Norges Bank owned 1.18% of Science Applications International at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of Science Applications International in the fourth quarter valued at about $187,000. Rothschild Investment LLC raised its stake in Science Applications International by 304.9% in the 4th quarter. Rothschild Investment LLC now owns 745 shares of the company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Science Applications International in the 4th quarter worth about $549,000. Hantz Financial Services Inc. grew its position in shares of Science Applications International by 94.2% during the 4th quarter. Hantz Financial Services Inc. now owns 903 shares of the company’s stock worth $91,000 after purchasing an additional 438 shares in the last quarter. Finally, Systematic Financial Management LP grew its position in shares of Science Applications International by 1.8% during the 4th quarter. Systematic Financial Management LP now owns 197,796 shares of the company’s stock worth $19,910,000 after purchasing an additional 3,469 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SAIC shares. BNP Paribas Exane initiated coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research report on Friday, March 27th. Stifel Nicolaus lowered their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Wall Street Zen upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group reduced their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $111.44.

Science Applications International Price Performance

NASDAQ SAIC opened at $114.35 on Monday. The business has a fifty day moving average price of $98.26 and a two-hundred day moving average price of $97.63. The stock has a market capitalization of $4.83 billion, a PE ratio of 12.88 and a beta of 0.30. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $123.41. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Equities analysts expect that Science Applications International Corporation will post 10.18 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

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

About Science Applications International

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.