AdvisorShares Investments LLC Has $7.10 Million Position in Science Applications International Corporation $SAIC

AdvisorShares Investments LLC increased its position in Science Applications International Corporation (NASDAQ:SAIC) by 9.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,577 shares of the company’s stock after acquiring an additional 6,345 shares during the period. Science Applications International comprises 1.2% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 28th biggest position. AdvisorShares Investments LLC’s holdings in Science Applications International were worth $7,104,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 valued at $458,502,000 after acquiring an additional 15,272 shares during the period. LSV Asset Management raised its stake in Science Applications International by 20.2% during the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock worth $155,518,000 after acquiring an additional 263,006 shares in the last quarter. First Trust Advisors LP raised its stake in Science Applications International by 3.7% during the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock worth $150,947,000 after acquiring an additional 53,895 shares in the last quarter. AQR Capital Management LLC raised its stake in Science Applications International by 36.3% during the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after acquiring an additional 347,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Science Applications International by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,174,062 shares of the company’s stock worth $116,660,000 after acquiring an additional 19,599 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SAIC. Citigroup lowered their target price on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. The Goldman Sachs Group reduced their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a report on Thursday, February 12th. Truist Financial reduced their target price on Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Finally, Stifel Nicolaus cut their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $109.20.

Science Applications International Stock Up 0.5%

Shares of Science Applications International stock opened at $104.20 on Friday. The business’s 50 day simple moving average is $96.43 and its 200 day simple moving average is $96.71. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $121.05. The firm has a market cap of $4.52 billion, a PE ratio of 13.55 and a beta of 0.28. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the firm earned $2.57 EPS. Science Applications International’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts predict that Science Applications International Corporation will post 9.61 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 10th. Science Applications International’s dividend payout ratio (DPR) is currently 19.25%.

Science Applications International Company 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.