Science Applications International Corporation $SAIC Stake Reduced by Faithward Advisors LLC

Faithward Advisors LLC trimmed its holdings in Science Applications International Corporation (NASDAQ:SAIC) by 91.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,803 shares of the company’s stock after selling 28,438 shares during the period. Faithward Advisors LLC’s holdings in Science Applications International were worth $279,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Science Applications International by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after purchasing an additional 26,633 shares during the last quarter. Empowered Funds LLC boosted its holdings in Science Applications International by 93.2% during the first quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock worth $1,204,000 after buying an additional 5,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Science Applications International by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock worth $16,863,000 after buying an additional 7,816 shares during the last quarter. Focus Partners Wealth grew its position in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock worth $326,000 after buying an additional 94 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Science Applications International by 638.1% in the second quarter. Allworth Financial LP now owns 620 shares of the company’s stock valued at $70,000 after buying an additional 536 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 1.9%

SAIC stock opened at $96.40 on Thursday. The company has a 50 day moving average of $97.68 and a two-hundred day moving average of $97.90. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 12.54 and a beta of 0.31. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $124.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company posted $2.57 EPS. Science Applications International’s revenue was down 4.8% on a year-over-year basis.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid 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 payout ratio is 19.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SAIC shares. Stifel Nicolaus cut their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. UBS Group upped their target price on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted 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. Three 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 company’s stock. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and an average price target of $113.89.

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.