Allspring Global Investments Holdings LLC Increases Holdings in Science Applications International Co. $SAIC

Allspring Global Investments Holdings LLC boosted its stake in Science Applications International Co. (NYSE:SAIC) by 13.3% in the 3rd quarter, Holdings Channel reports. The firm owned 180,253 shares of the information technology services provider’s stock after buying an additional 21,124 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Science Applications International were worth $18,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAIC. Apella Capital LLC boosted its position in shares of Science Applications International by 18.5% in the third quarter. Apella Capital LLC now owns 8,572 shares of the information technology services provider’s stock worth $830,000 after buying an additional 1,340 shares during the period. Blue Trust Inc. lifted its position in Science Applications International by 9.1% during the 3rd quarter. Blue Trust Inc. now owns 2,762 shares of the information technology services provider’s stock worth $274,000 after acquiring an additional 230 shares in the last quarter. CWM LLC boosted its holdings in Science Applications International by 26.7% in the 3rd quarter. CWM LLC now owns 21,106 shares of the information technology services provider’s stock worth $2,097,000 after acquiring an additional 4,448 shares during the period. Pacer Advisors Inc. purchased a new position in Science Applications International in the 3rd quarter worth approximately $614,000. Finally, Farther Finance Advisors LLC grew its position in Science Applications International by 7.1% in the third quarter. Farther Finance Advisors LLC now owns 3,530 shares of the information technology services provider’s stock valued at $351,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC stock opened at $101.22 on Monday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 17.07 and a beta of 0.30. Science Applications International Co. has a one year low of $84.15 and a one year high of $124.11. The company’s 50-day simple moving average is $94.39 and its 200-day simple moving average is $103.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $2.61 earnings per share. Science Applications International’s quarterly 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. Equities analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal 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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Science Applications International’s dividend payout ratio is currently 18.93%.

Insider Transactions at Science Applications International

In other Science Applications International news, CEO James Reagan acquired 1,000 shares of the firm’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 completion of the acquisition, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. This trade represents a 3.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research note on Monday, September 8th. Jefferies Financial Group cut their price objective on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, September 10th. 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. JPMorgan Chase & Co. boosted their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Citigroup began coverage on Science Applications International in a report on Friday, December 12th. They issued a “buy” rating and a $122.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.91.

About Science Applications International

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.