Cetera Investment Advisers Grows Stock Holdings in Science Applications International Corporation $SAIC

Cetera Investment Advisers grew its stake in Science Applications International Corporation (NASDAQ:SAIC) by 47.2% during the 1st quarter, HoldingsChannel reports. The fund owned 29,781 shares of the company’s stock after purchasing an additional 9,550 shares during the quarter. Cetera Investment Advisers’ holdings in Science Applications International were worth $2,827,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SAIC. Vanguard Group Inc. grew its stake in shares of Science Applications International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock worth $458,502,000 after acquiring an additional 15,272 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after acquiring an additional 441,296 shares during the period. First Trust Advisors LP increased its position in Science Applications International by 25.9% in the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after buying an additional 393,344 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Science Applications International by 13.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after purchasing an additional 185,066 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after buying an additional 347,456 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SAIC. Truist Financial reiterated a “hold” rating and issued a $110.00 price target (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. TD Cowen reduced their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. BNP Paribas Exane began coverage on Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. UBS Group raised their target price on shares of Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. increased their price target on Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $115.22.

Science Applications International Trading Up 1.8%

Shares of NASDAQ SAIC opened at $126.54 on Friday. Science Applications International Corporation has a 1-year low of $81.08 and a 1-year high of $127.22. The business has a fifty day moving average price of $113.49 and a 200 day moving average price of $102.08. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $5.35 billion, a P/E ratio of 14.25 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $1.42 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Equities research analysts expect that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. Science Applications International’s dividend 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.