Science Applications International Corporation $SAIC Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Science Applications International Corporation (NASDAQ:SAIC) by 43.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,961 shares of the company’s stock after buying an additional 53,684 shares during the period. JPMorgan Chase & Co. owned 0.39% of Science Applications International worth $17,485,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. LSV Asset Management boosted its holdings in shares of Science Applications International by 20.2% in the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock valued at $155,518,000 after acquiring an additional 263,006 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Science Applications International by 229.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the company’s stock worth $6,901,000 after purchasing an additional 48,359 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Science Applications International by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the company’s stock worth $18,229,000 after purchasing an additional 21,124 shares in the last quarter. First Trust Advisors LP lifted its position in Science Applications International by 3.7% in the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock worth $150,947,000 after purchasing an additional 53,895 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Science Applications International by 76.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 219,655 shares of the company’s stock valued at $21,827,000 after purchasing an additional 94,978 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Up 1.2%

Shares of NASDAQ SAIC opened at $96.46 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International Corporation has a one year low of $81.08 and a one year high of $124.11. The business has a 50-day moving average price of $96.11 and a two-hundred day moving average price of $97.35. The firm has a market capitalization of $4.19 billion, a PE ratio of 12.54 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. The company 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 EPS.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a $0.37 dividend. The ex-dividend date is Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. Science Applications International’s dividend payout ratio is presently 19.25%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAIC. JPMorgan Chase & Co. lifted their price target on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. UBS Group raised their target price on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Truist Financial dropped their price target on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Finally, Citigroup upped their price target on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.89.

Science Applications International 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.