Focus Partners Advisor Solutions LLC Takes $330,000 Position in Science Applications International Co. $SAIC

Key Points

• Focus Partners Advisor Solutions LLC acquired a new stake in Science Applications International Co. (SAIC), purchasing 2,939 shares valued at approximately $330,000 in the first quarter.
• Institutional investors now own 76% of SAIC's stock, reflecting significant interest from hedge funds, with notable increases in holdings by companies like Invesco Ltd. and Allspring Global Investments Holdings LLC.
• Science Applications International reported $3.63 earnings per share for the last quarter, significantly exceeding expectations, although their revenue fell short of analyst forecasts by approximately $100 million.

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,939 shares of the information technology services provider's stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. boosted 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 worth $355,000 after acquiring an additional 271 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Science Applications International during the first quarter worth about $204,000. SG Americas Securities LLC boosted its stake in Science Applications International by 19.4% during the first quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock worth $506,000 after acquiring an additional 732 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Science Applications International by 17.5% during the first quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock worth $4,619,000 after acquiring an additional 6,137 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Science Applications International by 96.8% during the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock worth $69,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Up 0.3%

Shares of NYSE SAIC traded up $0.33 during midday trading on Wednesday, hitting $103.11. The stock had a trading volume of 604,078 shares, compared to its average volume of 652,098. The business's 50 day moving average is $114.96 and its 200-day moving average is $112.80. The company has a market cap of $4.75 billion, a P/E ratio of 17.39 and a beta of 0.49. Science Applications International Co. has a 52 week low of $94.68 and a 52 week 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.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business's revenue was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

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

Wall Street Analysts Forecast Growth

SAIC has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a research note on Monday. Barclays dropped 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 note on Monday, June 9th. UBS Group dropped their price objective on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Jefferies Financial Group dropped their price objective on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $120.64.

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.