Bank of New York Mellon Corp Purchases 6,179 Shares of Science Applications International Corporation $SAIC

Bank of New York Mellon Corp boosted its position in shares of Science Applications International Corporation (NASDAQ:SAIC) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,455 shares of the company’s stock after acquiring an additional 6,179 shares during the quarter. Bank of New York Mellon Corp’s holdings in Science Applications International were worth $40,954,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after acquiring an additional 26,633 shares during the period. Empowered Funds LLC raised its holdings in shares of Science Applications International by 93.2% in the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock valued at $1,204,000 after purchasing an additional 5,173 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Science Applications International by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock valued at $16,863,000 after purchasing an additional 7,816 shares during the last quarter. Focus Partners Wealth lifted its stake in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after purchasing an additional 94 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Science Applications International by 1.0% during the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock worth $1,952,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SAIC. UBS Group boosted their price target on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Citigroup raised their price objective on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. TD Cowen reduced 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. JPMorgan Chase & Co. boosted their target price on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $115.22.

Science Applications International Stock Up 2.1%

Shares of SAIC opened at $118.99 on Friday. Science Applications International Corporation has a 52 week low of $81.08 and a 52 week high of $123.41. The firm has a market cap of $5.03 billion, a P/E ratio of 13.40 and a beta of 0.29. The firm’s 50-day simple moving average is $109.36 and its 200 day simple moving average is $101.41. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.97. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, analysts forecast 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 was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. Science Applications International’s dividend payout ratio (DPR) is 16.67%.

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.