First Citizens Bank & Trust Co. Makes New Investment in Science Applications International Co. $SAIC

First Citizens Bank & Trust Co. purchased a new stake in Science Applications International Co. (NYSE:SAIC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,959 shares of the information technology services provider’s stock, valued at approximately $671,000.

Several other large investors have also modified their holdings of SAIC. GAMMA Investing LLC grew its position in shares of Science Applications International by 96.8% in the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider’s stock valued at $69,000 after purchasing an additional 302 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Science Applications International by 387.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider’s stock valued at $14,362,000 after purchasing an additional 100,760 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Science Applications International by 9.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 271 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Science Applications International in the first quarter valued at approximately $235,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Science Applications International in the first quarter valued at approximately $204,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on SAIC. Truist Financial increased their price target on shares of Science Applications International from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Jefferies Financial Group reduced their price objective on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, September 10th. Stifel Nicolaus cut their price target on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Finally, UBS Group cut their price target on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $115.10.

Science Applications International Stock Performance

Shares of SAIC stock opened at $94.09 on Friday. The company’s fifty day simple moving average is $105.12 and its 200-day simple moving average is $111.19. Science Applications International Co. has a 52 week low of $91.89 and a 52 week high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market cap of $4.33 billion, a PE ratio of 15.87 and a beta of 0.44.

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, beating analysts’ consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

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