Centurion Wealth Management LLC Boosts Stock Position in Science Applications International Corporation $SAIC

Centurion Wealth Management LLC lifted its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 101.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,235 shares of the company’s stock after acquiring an additional 5,656 shares during the quarter. Centurion Wealth Management LLC’s holdings in Science Applications International were worth $1,240,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cresset Asset Management LLC raised its stake in Science Applications International by 4.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock worth $234,000 after acquiring an additional 88 shares during the period. Focus Partners Wealth grew its holdings in 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. International Assets Investment Management LLC lifted its holdings in shares of Science Applications International by 5.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock worth $213,000 after buying an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Science Applications International by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock worth $319,000 after buying an additional 115 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Science Applications International by 0.5% during the fourth quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock worth $3,067,000 after acquiring an additional 151 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Price Performance

Shares of SAIC opened at $126.54 on Monday. The firm has a market capitalization of $5.35 billion, a PE ratio of 14.25 and a beta of 0.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. Science Applications International Corporation has a 1-year low of $81.08 and a 1-year high of $127.22. The company’s fifty day moving average price is $113.49 and its 200-day moving average price is $102.02.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business 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. On average, equities research analysts predict that Science Applications International Corporation will post 10.01 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.37 per share. 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 payout ratio is 16.67%.

Analyst Upgrades and Downgrades

SAIC has been the subject of several research analyst reports. Citigroup raised their target price on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. The Goldman Sachs Group boosted their target price on shares of Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a research note on Friday, June 12th. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Finally, UBS Group raised their price target on shares of Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.