Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Science Applications International Co. $SAIC

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 50.4% in the third quarter, HoldingsChannel.com reports. The fund owned 7,812 shares of the information technology services provider’s stock after selling 7,927 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Science Applications International were worth $776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SAIC. Integrated Quantitative Investments LLC purchased a new position in shares of Science Applications International during the second quarter valued at approximately $391,000. Allspring Global Investments Holdings LLC raised its holdings in Science Applications International by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the information technology services provider’s stock valued at $18,229,000 after acquiring an additional 21,124 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Science Applications International by 161.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 7,674 shares of the information technology services provider’s stock worth $864,000 after purchasing an additional 4,735 shares during the last quarter. River Road Asset Management LLC purchased a new stake in shares of Science Applications International in the second quarter valued at $19,767,000. Finally, Pacer Advisors Inc. acquired a new position in Science Applications International in the third quarter valued at $614,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on SAIC shares. JPMorgan Chase & Co. raised their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup boosted their target price on Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, UBS Group upped their price target on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.70.

Science Applications International Trading Up 0.1%

NYSE SAIC opened at $101.76 on Friday. The firm has a market capitalization of $4.59 billion, a PE ratio of 17.16 and a beta of 0.28. The company has a 50-day simple moving average of $101.73 and a 200-day simple moving average of $103.37. Science Applications International Co. has a one year low of $84.15 and a one year high of $124.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $2.61 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. On average, equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International’s dividend payout ratio is presently 18.93%.

Insider Activity at Science Applications International

In related news, CEO James Reagan purchased 1,000 shares of Science Applications International stock in a transaction dated Tuesday, December 16th. The stock was bought at an average cost of $100.17 per share, with a total value of $100,170.00. Following the purchase, the chief executive officer owned 26,460 shares in the company, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.44% of the company’s stock.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.