Allspring Global Investments Holdings LLC Sells 11,091 Shares of Science Applications International Corporation $SAIC

Allspring Global Investments Holdings LLC lowered its stake in Science Applications International Corporation (NASDAQ:SAIC) by 5.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 204,976 shares of the company’s stock after selling 11,091 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Science Applications International were worth $19,948,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SAIC. Los Angeles Capital Management LLC acquired a new position in Science Applications International during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC lifted its stake in shares of Science Applications International by 477.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after buying an additional 215 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Science Applications International during the 3rd quarter worth $29,000. Rakuten Securities Inc. lifted its position in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after acquiring an additional 249 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Science Applications International during the fourth quarter valued at about $35,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.7%

SAIC stock opened at $111.82 on Wednesday. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $123.41. The company has a market cap of $4.73 billion, a PE ratio of 12.59 and a beta of 0.29. The business’s 50-day simple moving average is $107.85 and its 200 day simple moving average is $101.07. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm posted $1.42 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, research analysts anticipate that Science Applications International Corporation will post 10.01 earnings per share for the current 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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, July 10th. Science Applications International’s dividend payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SAIC shares. Truist Financial reaffirmed a “hold” rating and issued a $110.00 price target (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. TD Cowen decreased their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. BNP Paribas Exane began coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.22.

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.