Comerica Bank Buys 19,554 Shares of Science Applications International Corporation $SAIC

Comerica Bank grew its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 46.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,863 shares of the company’s stock after acquiring an additional 19,554 shares during the period. Comerica Bank’s holdings in Science Applications International were worth $6,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Science Applications International during the 3rd quarter valued at approximately $29,000. Wexford Capital LP bought a new position in shares of Science Applications International during the 3rd quarter valued at approximately $29,000. Rakuten Securities Inc. grew its position in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after acquiring an additional 249 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Science Applications International by 281.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock valued at $46,000 after buying an additional 343 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new stake in shares of Science Applications International during the 2nd quarter valued at approximately $56,000. 76.00% of the stock is owned by institutional investors.

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $96.77 on Friday. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $124.11. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $4.20 billion, a PE ratio of 12.58 and a beta of 0.30. The stock has a fifty day moving average of $94.67 and a 200-day moving average of $96.46.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $2.57 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that Science Applications International Corporation will post 9.61 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, April 24th. Shareholders of record on Friday, April 10th were paid a $0.37 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International’s dividend payout ratio is currently 19.25%.

Analysts Set New Price Targets

A number of brokerages recently commented on SAIC. Citigroup dropped their price target on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a research report on Friday, March 27th. Truist Financial reduced their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group reduced their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.78.

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.