Amalgamated Bank Reduces Stock Holdings in Science Applications International Co. $SAIC

Amalgamated Bank lowered its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,618 shares of the information technology services provider’s stock after selling 762 shares during the quarter. Amalgamated Bank’s holdings in Science Applications International were worth $2,434,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SAIC. AQR Capital Management LLC boosted its holdings in Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after acquiring an additional 513,192 shares during the period. Invesco Ltd. boosted its holdings in Science Applications International by 124.8% during the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after acquiring an additional 485,496 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Science Applications International by 14.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider’s stock valued at $280,685,000 after acquiring an additional 313,539 shares during the period. Millennium Management LLC boosted its holdings in Science Applications International by 284.8% during the 1st quarter. Millennium Management LLC now owns 327,949 shares of the information technology services provider’s stock valued at $36,819,000 after acquiring an additional 242,725 shares during the period. Finally, Nuveen LLC purchased a new position in Science Applications International during the 1st quarter valued at $13,147,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SAIC shares. Jefferies Financial Group dropped their price objective on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, September 10th. Truist Financial increased their price target on Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. UBS Group cut their price target on 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $115.00 price objective (down from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Finally, The Goldman Sachs Group decreased their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $115.10.

Science Applications International Trading Up 0.0%

SAIC opened at $91.44 on Wednesday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 15.42 and a beta of 0.44. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12 month low of $90.14 and a 12 month high of $156.34. The stock has a fifty day moving average price of $101.45 and a 200-day moving average price of $109.97.

Science Applications International (NYSE:SAIC) last released its quarterly 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 firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company 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 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, October 10th. Science Applications International’s payout ratio is presently 17.92%.

About Science Applications International

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.