Adage Capital Partners GP L.L.C. Has $8.34 Million Stock Position in Science Applications International Co. $SAIC

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Science Applications International Co. by 76.2%, now holding 74,294 shares worth approximately $8.34 million.
• Several large investors, including BNP Paribas Financial Markets and Balyasny Asset Management L.P., significantly increased their positions in SAIC during the fourth quarter.
• Science Applications International reported an EPS of $3.63 for the last quarter, beating estimates, but revenue decreased by 2.7% year-over-year.

Adage Capital Partners GP L.L.C. reduced its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 76.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,294 shares of the information technology services provider's stock after selling 238,010 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.16% of Science Applications International worth $8,341,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in shares of Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares in the last quarter. US Bancorp DE grew its stake in shares of 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 worth $36,000 after purchasing an additional 90 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of 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 worth $36,000 after purchasing an additional 98 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Science Applications International in the first quarter worth $58,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Trading Up 0.3%

Shares of Science Applications International stock traded up $0.33 on Wednesday, reaching $103.11. 604,078 shares of the company were exchanged, compared to its average volume of 652,098. The stock has a fifty day moving average price of $114.96 and a 200-day moving average price of $112.80. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.39 and a beta of 0.49. 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 Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34.

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

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. Science Applications International's payout ratio is 17.92%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group decreased their price target on Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a research note on Wednesday. Barclays cut their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. Stifel Nicolaus decreased 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. The Goldman Sachs Group decreased 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. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus target price of $120.64.

Science Applications International Company 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.