Exchange Traded Concepts LLC Invests $764,000 in Science Applications International Co. $SAIC

Exchange Traded Concepts LLC purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the third quarter, Holdings Channel reports. The fund purchased 7,693 shares of the information technology services provider’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Science Applications International by 324.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after buying an additional 188 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after buying an additional 249 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of Science Applications International by 315.5% during the 2nd quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 265 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Science Applications International during the 2nd quarter valued at about $56,000. Finally, Quarry LP raised its stake in shares of Science Applications International by 97.0% in the 1st quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock valued at $67,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup began coverage on Science Applications International in a research report on Friday, December 12th. They set a “buy” rating and a $122.00 target price for the company. UBS Group boosted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Jefferies Financial Group lowered their target price 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 target price on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $116.91.

Insider Buying and Selling

In other news, CEO James Reagan purchased 1,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was purchased at an average price of $100.17 per share, with a total value of $100,170.00. Following the acquisition, the chief executive officer directly owned 26,460 shares in the company, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Science Applications International Trading Up 0.6%

Shares of SAIC stock opened at $103.35 on Tuesday. The firm has a market capitalization of $4.66 billion, a P/E ratio of 17.43 and a beta of 0.30. Science Applications International Co. has a 1 year low of $84.15 and a 1 year high of $124.11. The firm’s fifty day simple moving average is $94.15 and its 200 day simple moving average is $103.95. 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 (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $2.61 EPS. The business’s revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, sell-side analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, January 14th. Science Applications International’s payout ratio is currently 18.93%.

Science Applications International Company Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.