Van ECK Associates Corp Decreases Stake in Science Applications International Corporation $SAIC

Van ECK Associates Corp lessened its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC) by 18.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 612,776 shares of the company’s stock after selling 138,039 shares during the quarter. Van ECK Associates Corp’s holdings in Science Applications International were worth $67,657,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Islay Capital Management LLC acquired a new position in Science Applications International during the fourth quarter valued at approximately $971,000. Vanguard Group Inc. increased its position in shares of Science Applications International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock worth $458,502,000 after acquiring an additional 15,272 shares in the last quarter. Seizert Capital Partners LLC increased its position in shares of Science Applications International by 122.4% in the fourth quarter. Seizert Capital Partners LLC now owns 107,922 shares of the company’s stock worth $10,863,000 after acquiring an additional 59,386 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Science Applications International by 13.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after acquiring an additional 185,066 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Science Applications International by 17.5% in the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after acquiring an additional 56,720 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SAIC shares. BNP Paribas Exane started coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price target for the company. Wall Street Zen raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Sunday. The Goldman Sachs Group boosted their price objective on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. upped their target price on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Citigroup upped their target price on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $116.89.

Science Applications International Trading Down 2.3%

NASDAQ SAIC opened at $125.96 on Friday. The stock has a market cap of $5.33 billion, a P/E ratio of 14.18 and a beta of 0.28. The company’s fifty day simple moving average is $118.02 and its 200-day simple moving average is $104.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. Science Applications International Corporation has a 52 week low of $81.08 and a 52 week high of $130.98.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) 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 firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm’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. Equities research 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 will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. Science Applications International’s payout ratio is 16.67%.

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.