Ensign Peak Advisors Inc Sells 950 Shares of Science Applications International Co. $SAIC

Ensign Peak Advisors Inc reduced its position in shares of Science Applications International Co. (NYSE:SAIC) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,201 shares of the information technology services provider’s stock after selling 950 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Science Applications International were worth $1,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of Science Applications International by 143.2% in the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock worth $146,621,000 after buying an additional 766,734 shares during the last quarter. AQR Capital Management LLC raised its position in Science Applications International by 115.8% in the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock worth $107,379,000 after acquiring an additional 513,192 shares during the period. Invesco Ltd. boosted its stake in shares of Science Applications International by 124.8% during the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock worth $98,191,000 after acquiring an additional 485,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Science Applications International by 14.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider’s stock valued at $280,685,000 after acquiring an additional 313,539 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Science Applications International by 284.8% in the 1st quarter. Millennium Management LLC now owns 327,949 shares of the information technology services provider’s stock worth $36,819,000 after purchasing an additional 242,725 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

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

Science Applications International Stock Performance

NYSE:SAIC opened at $85.69 on Friday. The stock has a 50-day moving average price of $94.43 and a 200 day moving average price of $106.34. The stock has a market capitalization of $3.94 billion, a P/E ratio of 14.45 and a beta of 0.43. Science Applications International Co. has a 12-month low of $84.15 and a 12-month high of $133.00. 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, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, topping the consensus estimate of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted $2.05 EPS. The firm’s revenue for the quarter 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. Equities research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

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.