Thrivent Financial for Lutherans Has $1.84 Million Holdings in Science Applications International Corporation $SAIC

Thrivent Financial for Lutherans lifted its position in Science Applications International Corporation (NASDAQ:SAIC) by 69.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,255 shares of the company’s stock after acquiring an additional 7,486 shares during the period. Thrivent Financial for Lutherans’ holdings in Science Applications International were worth $1,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management grew its position in shares of Science Applications International by 20.2% in the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock valued at $155,518,000 after acquiring an additional 263,006 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Science Applications International by 43.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock valued at $17,485,000 after purchasing an additional 53,684 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Science Applications International by 19.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock valued at $21,870,000 after purchasing an additional 35,814 shares during the last quarter. First Trust Advisors LP lifted its stake in Science Applications International by 3.7% in the 3rd quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock valued at $150,947,000 after purchasing an additional 53,895 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Science Applications International by 76.2% during the third quarter. Allianz Asset Management GmbH now owns 219,655 shares of the company’s stock worth $21,827,000 after purchasing an additional 94,978 shares during the period. 76.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAIC. Zacks Research downgraded Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Truist Financial cut their price objective on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Citigroup reduced their target price on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $110.78.

Science Applications International Stock Performance

Shares of SAIC stock opened at $101.36 on Wednesday. Science Applications International Corporation has a 52 week low of $81.08 and a 52 week high of $121.05. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 13.18 and a beta of 0.28. The company has a 50-day simple moving average of $95.92 and a 200 day simple moving average of $96.49. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the firm earned $2.57 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts predict that Science Applications International Corporation will post 9.61 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is 19.25%.

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.