Geode Capital Management LLC Decreases Stock Holdings in Science Applications International Corporation $SAIC

Geode Capital Management LLC decreased its holdings in Science Applications International Corporation (NASDAQ:SAIC) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 950,873 shares of the company’s stock after selling 14,226 shares during the period. Geode Capital Management LLC’s holdings in Science Applications International were worth $95,733,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Cary Street Partners Financial LLC purchased a new position in Science Applications International in the 4th quarter worth about $549,000. Hantz Financial Services Inc. raised its position in Science Applications International by 94.2% in the 4th quarter. Hantz Financial Services Inc. now owns 903 shares of the company’s stock worth $91,000 after buying an additional 438 shares during the last quarter. Systematic Financial Management LP raised its position in Science Applications International by 1.8% in the 4th quarter. Systematic Financial Management LP now owns 197,796 shares of the company’s stock worth $19,910,000 after buying an additional 3,469 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at about $35,000. Finally, Covestor Ltd grew its stake in shares of Science Applications International by 39.3% during the 4th quarter. Covestor Ltd now owns 1,965 shares of the company’s stock valued at $198,000 after purchasing an additional 554 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 1.9%

SAIC stock opened at $114.35 on Friday. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $123.41. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4.83 billion, a P/E ratio of 12.88 and a beta of 0.30. The business’s 50-day moving average price is $98.26 and its 200-day moving average price is $97.56.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $1.42 EPS. The business’s quarterly revenue 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, equities research analysts forecast that Science Applications International Corporation will post 10.18 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. Science Applications International’s payout ratio is presently 16.67%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group cut their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research note on Thursday, February 12th. UBS Group boosted their price target on Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. boosted their price target on Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.44.

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.