Van ECK Associates Corp Trims Stock Position in Science Applications International Corporation $SAIC

Van ECK Associates Corp cut its holdings in Science Applications International Corporation (NASDAQ:SAIC) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,776 shares of the company’s stock after selling 138,039 shares during the quarter. Van ECK Associates Corp owned approximately 1.45% of Science Applications International worth $67,657,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SAIC. Islay Capital Management LLC acquired a new position in shares of Science Applications International in the fourth quarter worth $971,000. Vanguard Group Inc. lifted its position in shares of Science Applications International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock valued at $458,502,000 after acquiring an additional 15,272 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in shares of Science Applications International by 122.4% during the fourth quarter. Seizert Capital Partners LLC now owns 107,922 shares of the company’s stock valued at $10,863,000 after acquiring an additional 59,386 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock worth $145,730,000 after purchasing an additional 185,066 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Science Applications International by 17.5% in the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after purchasing an additional 56,720 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Price Performance

Science Applications International stock opened at $125.96 on Friday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $130.98. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day moving average price of $118.02 and a 200 day moving average price of $104.51. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 14.18 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. Science Applications International’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Sell-side analysts predict that Science Applications International Corporation will post 10.01 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SAIC shares. Weiss Ratings upgraded shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. The Goldman Sachs Group increased their price target on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research note on Friday, June 12th. Truist Financial restated a “hold” rating and set a $110.00 price objective (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. TD Cowen lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Finally, BNP Paribas Exane initiated coverage on Science Applications International in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price for the company. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.89.

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.