Concurrent Investment Advisors LLC Has $290,000 Holdings in Science Applications International Co. $SAIC

Concurrent Investment Advisors LLC lifted its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 42.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,578 shares of the information technology services provider’s stock after purchasing an additional 764 shares during the period. Concurrent Investment Advisors LLC’s holdings in Science Applications International were worth $290,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its holdings in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 90 shares during the period. Focus Partners Wealth lifted its holdings in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock valued at $326,000 after buying an additional 94 shares during the period. Larson Financial Group LLC lifted its holdings in Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 98 shares during the period. Wealthspire Advisors LLC lifted its holdings in Science Applications International by 6.7% in the first quarter. Wealthspire Advisors LLC now owns 1,946 shares of the information technology services provider’s stock valued at $218,000 after buying an additional 122 shares during the period. Finally, Pure Financial Advisors LLC lifted its holdings in Science Applications International by 0.7% in the second quarter. Pure Financial Advisors LLC now owns 17,307 shares of the information technology services provider’s stock valued at $1,949,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC opened at $97.51 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a market cap of $4.49 billion, a PE ratio of 16.44 and a beta of 0.44. The stock has a 50-day moving average of $107.03 and a 200-day moving average of $111.59.

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

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, October 10th. Science Applications International’s dividend payout ratio is currently 17.92%.

Analysts Set New Price Targets

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

About Science Applications International

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.