JPMorgan Chase & Co. Buys 53,684 Shares of Science Applications International Co. $SAIC

JPMorgan Chase & Co. lifted its stake in Science Applications International Co. (NYSE:SAIC) by 43.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 175,961 shares of the information technology services provider’s stock after buying an additional 53,684 shares during the quarter. JPMorgan Chase & Co.’s holdings in Science Applications International were worth $17,485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIC. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Science Applications International by 324.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 188 shares during the last quarter. Quent Capital LLC purchased a new position in Science Applications International during the 3rd quarter valued at approximately $29,000. Rakuten Securities Inc. increased its stake in Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 249 shares during the last quarter. True Wealth Design LLC increased its stake in Science Applications International by 315.5% in the 2nd quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 265 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Science Applications International by 281.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 465 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group dropped their price objective on shares of 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. JPMorgan Chase & Co. upped their target price on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, UBS Group lifted their price target on 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 analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Science Applications International has an average rating of “Hold” and an average target price of $116.44.

Science Applications International Stock Up 2.1%

Shares of NYSE SAIC opened at $94.42 on Wednesday. Science Applications International Co. has a 1 year low of $81.08 and a 1 year high of $124.11. The firm has a 50-day simple moving average of $99.95 and a two-hundred day simple moving average of $99.69. The company has a market cap of $4.26 billion, a P/E ratio of 15.92 and a beta of 0.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Insiders Place Their Bets

In other Science Applications International news, CEO James Reagan bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the completion of the transaction, the chief executive officer owned 26,460 shares in the company, valued at $2,650,498.20. This trade represents a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by insiders.

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.