Science Applications International Corporation $SAIC Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Science Applications International Corporation (NASDAQ:SAIC) by 43.9% in the third quarter, Holdings Channel.com reports. The firm owned 175,961 shares of the company’s stock after purchasing an additional 53,684 shares during the period. JPMorgan Chase & Co.’s holdings in Science Applications International were worth $17,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its position in Science Applications International by 186.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 88,426 shares of the company’s stock worth $8,787,000 after purchasing an additional 57,546 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in shares of Science Applications International during the 3rd quarter valued at about $222,000. Advisory Services Network LLC acquired a new stake in shares of Science Applications International during the 3rd quarter valued at about $69,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Science Applications International by 0.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 30,287 shares of the company’s stock valued at $2,958,000 after buying an additional 272 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 1.2%

Shares of Science Applications International stock opened at $96.46 on Thursday. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $124.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The stock has a 50 day moving average price of $96.11 and a two-hundred day moving average price of $97.35. The stock has a market capitalization of $4.19 billion, a P/E ratio of 12.54 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.57 earnings per share.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. Science Applications International’s payout ratio is currently 19.25%.

Analyst Ratings Changes

Several brokerages recently weighed in on SAIC. Truist Financial cut their price objective on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. UBS Group raised their price target 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. Finally, Zacks Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.89.

Science Applications International Profile

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.