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

JPMorgan Chase & Co. boosted its position in Science Applications International Co. (NYSE:SAIC) by 43.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,961 shares of the information technology services provider’s stock after purchasing an additional 53,684 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of Science Applications International worth $17,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LSV Asset Management increased its stake in Science Applications International by 20.2% during the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the information technology services provider’s stock valued at $155,518,000 after purchasing an additional 263,006 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Science Applications International by 229.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the information technology services provider’s stock valued at $6,901,000 after buying an additional 48,359 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake 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 worth $18,229,000 after acquiring an additional 21,124 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Science Applications International by 76.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 219,655 shares of the information technology services provider’s stock valued at $21,827,000 after acquiring an additional 94,978 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Up 2.1%

Science Applications International stock opened at $94.42 on Wednesday. Science Applications International Co. has a 12-month low of $81.08 and a 12-month high of $124.11. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 15.92 and a beta of 0.28. The firm has a 50 day moving average of $99.95 and a 200 day moving average of $99.69. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. The business had revenue of $1.87 billion during 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%. The company’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 earnings per share. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Citigroup upped their price target on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research 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 on the stock in a report on Thursday, February 12th. Finally, UBS Group upped their target price on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.44.

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.