Capital Fund Management S.A. Acquires 19,116 Shares of Science Applications International Co. $SAIC

Key Points

• Capital Fund Management S.A. has significantly increased its stake in Science Applications International Co. by 155.5%, now owning 31,413 shares valued at approximately $3.5 million.
• Multiple institutional investors, including Fuller & Thaler Asset Management and Invesco Ltd., have also boosted their positions in Science Applications, showcasing strong interest in the company.
• Analyst ratings are mixed, with a consensus rating of "Hold" and a target price averaging $125.64, while recent earnings fell short of expectations with an EPS of $1.92 against an estimate of $2.17.

Capital Fund Management S.A. boosted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 155.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,413 shares of the information technology services provider's stock after buying an additional 19,116 shares during the period. Capital Fund Management S.A. owned approximately 0.07% of Science Applications International worth $3,527,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SAIC. 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 acquiring an additional 148 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 98 shares during the period. US Bancorp DE grew its position in Science Applications International by 38.5% in the 1st 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 during the last quarter. True Wealth Design LLC bought a new position in shares of Science Applications International during the 4th quarter worth about $48,000. Finally, Fifth Third Bancorp increased its holdings in shares of Science Applications International by 22.7% during the 1st 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 during the period. 76.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial lifted their price objective on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. 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 note on Monday, June 9th. Stifel Nicolaus started coverage on Science Applications International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price for the company. Finally, UBS Group cut their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Science Applications International currently has an average rating of "Hold" and an average target price of $125.64.

Science Applications International Price Performance

Science Applications International stock traded down $0.24 during mid-day trading on Wednesday, hitting $119.34. 418,552 shares of the company were exchanged, compared to its average volume of 646,716. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $114.35 and a 200 day moving average of $112.17. The company has a market capitalization of $5.59 billion, a PE ratio of 20.12 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share 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%.During the same quarter in the prior year, the business posted $1.92 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, sell-side analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued 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 presently 20.76%.

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.