Science Applications International Co. $SAIC Shares Bought by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in Science Applications International Co. to $1.93 million by purchasing additional shares, reflecting a 16.9% increase during the first quarter.
• The company recently declared a $0.37 quarterly dividend, translating to an annual dividend of $1.48 and a yield of 1.4%, with an ex-dividend date set for October 10th.
• Despite beating analysts' EPS expectations for the quarter, Science Applications International reported a 2.7% decline in revenue year-over-year, with a quarterly revenue of $1.77 billion compared to estimates of $1.87 billion.

Baird Financial Group Inc. boosted its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 16.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,164 shares of the information technology services provider's stock after purchasing an additional 2,480 shares during the period. Baird Financial Group Inc.'s holdings in Science Applications International were worth $1,927,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SAIC. BNP Paribas Financial Markets grew its holdings in Science Applications International by 305.4% during the 4th quarter. BNP Paribas Financial Markets now owns 44,688 shares of the information technology services provider's stock valued at $4,995,000 after purchasing an additional 33,665 shares in the last quarter. Captrust Financial Advisors grew its holdings in Science Applications International by 216.0% during the 4th quarter. Captrust Financial Advisors now owns 6,813 shares of the information technology services provider's stock valued at $762,000 after purchasing an additional 4,657 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Science Applications International during the 4th quarter valued at $360,000. Crestline Management LP acquired a new stake in Science Applications International during the 4th quarter valued at $316,000. Finally, Focus Partners Wealth acquired a new stake in Science Applications International during the 4th quarter valued at $314,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Performance

SAIC stock traded up $0.33 during trading on Wednesday, hitting $103.11. 604,078 shares of the company's stock traded hands, compared to its average volume of 652,070. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The stock has a fifty day moving average price of $114.96 and a two-hundred day moving average price of $112.80. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.39 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. 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. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $115.00 price target (down from $140.00) on shares of Science Applications International in a report on Monday. Barclays cut 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. Jefferies Financial Group cut their price target on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus cut 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. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.