Clark Capital Management Group Inc. Purchases Shares of 42,499 Science Applications International Co. $SAIC

Key Points

• Clark Capital Management Group Inc. has invested approximately $4.77 million in Science Applications International Co. by purchasing 42,499 shares, representing about 0.09% ownership of the company.
• Science Applications International recently reported an earnings per share (EPS) of $3.63 for the latest quarter, significantly surpassing the consensus estimate of $2.25, despite a 2.7% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.37 per share, with a yield of 1.4%, set to be paid on October 24th to shareholders of record on October 10th.

Clark Capital Management Group Inc. bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,499 shares of the information technology services provider's stock, valued at approximately $4,771,000. Clark Capital Management Group Inc. owned 0.09% of Science Applications International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SAIC. Sumitomo Mitsui Trust Group Inc. increased its stake in Science Applications International by 9.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock valued at $355,000 after acquiring an additional 271 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of Science Applications International during the 1st quarter worth about $204,000. SG Americas Securities LLC boosted its position in shares of 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 acquiring an additional 732 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Science Applications International by 17.5% in the first quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock valued at $4,619,000 after acquiring an additional 6,137 shares during the period. Finally, GAMMA Investing LLC raised its position in Science Applications International by 96.8% in the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock worth $69,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SAIC shares. The Goldman Sachs Group decreased their price target on Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a research note on Monday. UBS Group reduced 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 report on Friday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a report on Monday. Barclays reduced their target price on 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. Finally, Truist Financial raised their price target on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Science Applications International presently has an average rating of "Hold" and a consensus price target of $122.00.

Science Applications International Trading Up 0.2%

SAIC stock traded up $0.18 during midday trading on Tuesday, reaching $102.78. The stock had a trading volume of 702,327 shares, compared to its average volume of 652,379. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 17.33 and a beta of 0.49. Science Applications International Co. has a twelve month low of $94.68 and a twelve month 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 simple moving average of $115.22 and a two-hundred day simple moving average of $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 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $1.38. The business 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 firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, research analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

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

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.