Gotham Asset Management LLC Purchases 23,686 Shares of Science Applications International Co. $SAIC

Key Points

• Gotham Asset Management LLC increased its stake in Science Applications International Co. by 27.4%, acquiring an additional 23,686 shares, totaling approximately 110,017 shares valued at $12.35 million.
• Analyst ratings for Science Applications International reflect a mixed outlook, with four analysts rating it as a Buy, six as a Hold, and one as a Sell, while the consensus target price is $125.36.
• Science Applications International recently announced a quarterly dividend of $0.37 per share, which will be paid to investors on October 24th, representing a dividend yield of 1.4%.

Gotham Asset Management LLC raised its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 27.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,017 shares of the information technology services provider's stock after acquiring an additional 23,686 shares during the quarter. Gotham Asset Management LLC owned approximately 0.23% of Science Applications International worth $12,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares in the last quarter. US Bancorp DE grew its stake in shares of Science Applications International by 38.5% during the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after buying an additional 90 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after buying an additional 98 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 88 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in shares of Science Applications International during the 1st quarter valued at $58,000. 76.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAIC. Barclays lowered their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. UBS Group lowered their price objective on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Stifel Nicolaus cut their target price on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $115.00 target price (down from $140.00) on shares of Science Applications International in a report on Monday. Finally, Jefferies Financial Group dropped their price target on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $120.64.

Science Applications International Trading Up 0.3%

Shares of SAIC traded up $0.33 during trading hours on Wednesday, hitting $103.11. 604,078 shares of the stock were exchanged, compared to its average volume of 652,098. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The business has a 50-day moving average of $114.96 and a 200-day moving average of $112.80. The firm has a market capitalization of $4.75 billion, a P/E ratio of 17.39 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, research 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 announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 10th. Science Applications International's payout ratio 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.