Legal & General Group Plc Raises Stock Holdings in Science Applications International Co. $SAIC

Legal & General Group Plc boosted its position in shares of Science Applications International Co. (NYSE:SAIC) by 3.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 84,535 shares of the information technology services provider’s stock after acquiring an additional 2,838 shares during the quarter. Legal & General Group Plc’s holdings in Science Applications International were worth $9,520,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SAIC. Wealth Enhancement Advisory Services LLC raised its stake in shares of Science Applications International by 61.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider’s stock valued at $1,874,000 after acquiring an additional 6,011 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in Science Applications International by 161.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 7,674 shares of the information technology services provider’s stock valued at $864,000 after purchasing an additional 4,735 shares during the period. Integrated Quantitative Investments LLC purchased a new position in Science Applications International during the 2nd quarter valued at about $391,000. LBP AM SA raised its position in Science Applications International by 136.3% during the 2nd quarter. LBP AM SA now owns 62,491 shares of the information technology services provider’s stock valued at $7,037,000 after purchasing an additional 36,045 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Science Applications International by 19.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 39,904 shares of the information technology services provider’s stock worth $4,493,000 after buying an additional 6,580 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 0.0%

NYSE:SAIC opened at $86.24 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s 50-day moving average price is $93.77 and its 200-day moving average price is $105.67. The company has a market capitalization of $3.97 billion, a PE ratio of 14.54 and a beta of 0.43. Science Applications International Co. has a 1-year low of $84.15 and a 1-year high of $133.00.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping the consensus estimate of $2.25 by $1.38. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reduced their target price on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, September 10th. Stifel Nicolaus decreased their price objective on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, September 5th. The Goldman Sachs Group dropped their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research report on Monday, September 8th. UBS Group reduced their price target on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $115.00 price target (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $115.10.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.