Cary Street Partners Financial LLC Takes $549,000 Position in Science Applications International Corporation $SAIC

Cary Street Partners Financial LLC purchased a new stake in Science Applications International Corporation (NASDAQ:SAIC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,454 shares of the company’s stock, valued at approximately $549,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings 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 buying an additional 249 shares during the period. Wexford Capital LP acquired a new position in shares of Science Applications International in the third quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $35,000. Hantz Financial Services Inc. boosted its holdings in shares of Science Applications International by 281.1% in the third quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock valued at $46,000 after buying an additional 343 shares during the period. Finally, WFA of San Diego LLC acquired a new position in Science Applications International during the second quarter worth $56,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the subject of several recent research reports. BNP Paribas Exane initiated coverage on shares of Science Applications International in a report on Wednesday. They set a “neutral” rating and a $95.00 target price for the company. Truist Financial reduced their target price on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a report on Tuesday, March 17th. Wall Street Zen cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Stifel Nicolaus reduced their target price on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Finally, Zacks Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $109.20.

Science Applications International Stock Performance

Shares of SAIC opened at $104.20 on Friday. Science Applications International Corporation has a 12 month low of $81.08 and a 12 month high of $121.05. The firm has a fifty day simple moving average of $96.43 and a 200 day simple moving average of $96.71. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 13.55 and a beta of 0.28. 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 (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.57 earnings per share. Research analysts forecast that Science Applications International Corporation will post 9.61 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. Science Applications International’s dividend payout ratio (DPR) is currently 19.25%.

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.