Foster & Motley Inc. Buys New Shares in Science Applications International Corporation $SAIC

Foster & Motley Inc. purchased a new position in Science Applications International Corporation (NASDAQ:SAIC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,485 shares of the company’s stock, valued at approximately $2,041,000.

A number of other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in Science Applications International by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after purchasing an additional 26,633 shares in the last quarter. Empowered Funds LLC raised its position in shares of Science Applications International by 93.2% during 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 shares of Science Applications International by 5.5% during 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 buying an additional 7,816 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after buying an additional 94 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Science Applications International by 1.0% in the 2nd quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock worth $1,952,000 after buying an additional 171 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Up 1.3%

NASDAQ SAIC opened at $125.95 on Wednesday. The stock has a 50 day moving average price of $115.08 and a 200-day moving average price of $102.95. Science Applications International Corporation has a one year low of $81.08 and a one year high of $128.00. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $5.33 billion, a P/E ratio of 14.18 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. Science Applications International’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. As a group, equities analysts predict that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.37 dividend. The ex-dividend date of this dividend 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 presently 16.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SAIC shares. Truist Financial reissued a “hold” rating and set a $110.00 price target (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. TD Cowen cut their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. UBS Group lifted their target price on Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group boosted their price target on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a report on Friday, June 12th. Finally, Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.22.

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.