5,454 Shares in Science Applications International Corporation $SAIC Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new position in shares of Science Applications International Corporation (NASDAQ:SAIC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,454 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds have also modified their holdings of SAIC. Wexford Capital LP bought a new stake in shares of Science Applications International during the third quarter worth approximately $29,000. Rakuten Securities Inc. raised its stake in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after buying an additional 249 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Science Applications International during the fourth quarter worth approximately $35,000. Hantz Financial Services Inc. raised its stake in shares of Science Applications International by 281.1% during the third quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock worth $46,000 after buying an additional 343 shares during the last quarter. Finally, WFA of San Diego LLC bought a new stake in Science Applications International in the second quarter valued at approximately $56,000. 76.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SAIC shares. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Stifel Nicolaus reduced their price target on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. BNP Paribas Exane assumed coverage on shares of Science Applications International in a research report on Wednesday. They set a “neutral” rating and a $95.00 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research report on Friday, March 27th. Finally, Wall Street Zen cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.20.

Science Applications International Trading Up 0.5%

Shares of NASDAQ SAIC opened at $104.20 on Friday. The company’s fifty day moving average is $96.43 and its 200-day moving average is $96.71. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 13.55 and a beta of 0.28. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $121.05. 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 released its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. The company 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 business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.57 earnings per share. Equities research analysts predict that Science Applications International Corporation will post 9.61 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, July 10th. Science Applications International’s dividend payout ratio is 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.