Dimensional Fund Advisors LP Acquires 30,343 Shares of Science Applications International Co. $SAIC

Key Points

• Dimensional Fund Advisors LP increased its stake in Science Applications International Co. (SAIC) by 2.7%, totaling approximately 1,141,923 shares worth $128.2 million.
• Analysts have mixed views on SAIC, with price targets ranging from $100.00 to $137.00, and an average rating of "Hold" that reflects cautious optimism.
• Science Applications International recently announced a quarterly dividend of $0.37 per share, equating to an annual yield of 1.3%.

Dimensional Fund Advisors LP lifted its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,141,923 shares of the information technology services provider's stock after purchasing an additional 30,343 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.39% of Science Applications International worth $128,202,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Science Applications International by 9.4% during 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 purchasing an additional 271 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Science Applications International during the 1st quarter worth $204,000. SG Americas Securities LLC increased its stake 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 worth $506,000 after purchasing an additional 732 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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 worth $4,619,000 after buying an additional 6,137 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 worth $69,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Stifel Nicolaus assumed coverage on shares of Science Applications International in a report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective for the company. UBS Group reduced 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. Finally, Jefferies Financial Group increased their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.64.

Science Applications International Price Performance

NYSE SAIC traded up $0.97 on Friday, reaching $119.19. The company's stock had a trading volume of 287,988 shares, compared to its average volume of 651,467. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.59 billion, a PE ratio of 20.10 and a beta of 0.49. The business has a 50-day moving average price of $113.50 and a 200 day moving average price of $111.98.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data 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 net margin of 4.11% and a return on equity of 24.18%. During the same period last year, the company earned $1.92 EPS. The firm's 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. Sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, July 11th. Science Applications International's dividend payout ratio is 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.