American Century Companies Inc. Boosts Holdings in Science Applications International Co. $SAIC

Key Points

• American Century Companies Inc. has increased its stake in Science Applications International Co. by 3.0%, acquiring an additional 10,417 shares, bringing their total holdings to 362,188 shares worth about $40.66 million.
• Several other institutional investors, such as Parallel Advisors LLC and Larson Financial Group LLC, also expanded their positions in SAIC during the 1st quarter, reflecting strong interest in the stock by hedge funds.
• The company reported a quarterly earnings miss, posting $1.92 EPS compared to analyst expectations of $2.17, and has set its FY 2026 guidance at 9.100-9.300 EPS.

American Century Companies Inc. grew its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 362,188 shares of the information technology services provider's stock after purchasing an additional 10,417 shares during the quarter. American Century Companies Inc. owned about 0.76% of Science Applications International worth $40,663,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Science Applications International by 10.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 35,004 shares of the information technology services provider's stock worth $3,913,000 after buying an additional 3,222 shares in the last quarter. Barclays PLC lifted its holdings in shares of Science Applications International by 37.4% in the fourth quarter. Barclays PLC now owns 63,672 shares of the information technology services provider's stock worth $7,117,000 after buying an additional 17,336 shares in the last quarter. Mariner LLC lifted its holdings in shares of Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock worth $433,000 after buying an additional 106 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Science Applications International by 832.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 34,500 shares of the information technology services provider's stock worth $3,856,000 after buying an additional 30,800 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Science Applications International by 3.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 36,475 shares of the information technology services provider's stock worth $4,074,000 after buying an additional 1,053 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SAIC shares. Truist Financial increased their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Barclays lowered their price target on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. UBS Group lowered their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Jefferies Financial Group raised their target price on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company raised their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $125.64.

Science Applications International Price Performance

SAIC traded up $0.97 on Friday, reaching $119.19. The company had a trading volume of 287,988 shares, compared to its average volume of 651,467. The business has a 50 day simple moving average of $113.50 and a 200 day simple moving average of $111.94. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 20.10 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). 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 up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 EPS. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, sell-side analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. Science Applications International's dividend payout ratio (DPR) is 20.76%.

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.