AQR Capital Management LLC Has $107.38 Million Position in Science Applications International Co. $SAIC

Key Points

• AQR Capital Management LLC increased its stake in Science Applications International Co. by 115.8%, owning approximately 2.00% of the company, valued at $107.4 million.
• Science Applications International recently announced a quarterly dividend of $0.37 per share, reflecting a 1.4% dividend yield and a payout ratio of 20.76%.
• Analysts' ratings for Science Applications International include four "Buy," six "Hold," and one "Sell," with a consensus price target of $125.64.

AQR Capital Management LLC raised its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 115.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 956,438 shares of the information technology services provider's stock after purchasing an additional 513,192 shares during the period. AQR Capital Management LLC owned 2.00% of Science Applications International worth $107,379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Science Applications International by 124.8% in the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock valued at $98,191,000 after acquiring an additional 485,496 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Science Applications International by 14.3% in the first 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. Nuveen LLC bought a new stake in shares of Science Applications International in the first quarter valued at approximately $13,147,000. Allspring Global Investments Holdings LLC boosted its position in shares of Science Applications International by 387.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider's stock valued at $14,362,000 after acquiring an additional 100,760 shares during the period. Finally, Squarepoint Ops LLC lifted its position in Science Applications International by 288.2% in the fourth quarter. Squarepoint Ops LLC now owns 119,163 shares of the information technology services provider's stock worth $13,320,000 after purchasing an additional 88,464 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SAIC. Wells Fargo & Company lifted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Stifel Nicolaus decreased 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 research note on Friday. Barclays decreased 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 research note on Monday, June 9th. UBS Group decreased their price target 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. Finally, Truist Financial boosted their target price on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Science Applications International has a consensus rating of "Hold" and an average price target of $122.00.

Science Applications International Trading Up 0.2%

NYSE:SAIC traded up $0.18 on Tuesday, hitting $102.78. 702,327 shares of the stock were exchanged, compared to its average volume of 652,379. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 17.33 and a beta of 0.49. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company's 50-day moving average price is $115.22 and its 200 day moving average price is $112.87.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

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

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.