Capital Fund Management S.A. Increases Stake in 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. raised its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 155.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,413 shares of the information technology services provider's stock after purchasing an additional 19,116 shares during the quarter. Capital Fund Management S.A. owned 0.07% of Science Applications International worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Science Applications International by 9.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock worth $355,000 after acquiring an additional 271 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Science Applications International during the 1st quarter valued at $204,000. SG Americas Securities LLC raised its holdings in Science Applications International by 19.4% during the 1st quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock valued at $506,000 after buying an additional 732 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Science Applications International by 17.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock valued at $4,619,000 after buying an additional 6,137 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Science Applications International by 96.8% during the 1st quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock valued at $69,000 after buying an additional 302 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Barclays reduced their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Finally, Stifel Nicolaus began coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $125.64.

Science Applications International Stock Up 0.3%

Shares of NYSE:SAIC traded up $0.37 during midday trading on Friday, reaching $118.21. The company's stock had a trading volume of 110,079 shares, compared to its average volume of 641,153. The firm has a 50 day moving average of $114.62 and a 200-day moving average of $112.26. The firm has a market capitalization of $5.54 billion, a P/E ratio of 19.93 and a beta of 0.49. 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 12-month low of $94.68 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 earnings per share. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. On average, research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. Science Applications International's dividend payout ratio is presently 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.