Huber Capital Management LLC Has $5.56 Million Position in Science Applications International Co. $SAIC

Key Points

• Huber Capital Management LLC reduced its stake in Science Applications International Co. by 35.1%, now holding approximately 49,562 shares after selling 26,800 shares during the first quarter.
• Science Applications International reported $1.92 earnings per share for the last quarter, missing analysts' consensus estimates of $2.17, with revenue up 1.6% compared to the previous year.
• Analysts have issued mixed ratings on the stock, with four rated as Buy, six as Hold, and one as Sell, while the average price target stands at $125.64.

Huber Capital Management LLC reduced its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,562 shares of the information technology services provider's stock after selling 26,800 shares during the quarter. Science Applications International makes up 1.0% of Huber Capital Management LLC's portfolio, making the stock its 29th largest holding. Huber Capital Management LLC owned approximately 0.10% of Science Applications International worth $5,564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp raised 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 buying an additional 88 shares in the last quarter. US Bancorp DE increased its stake in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 90 shares during the period. Larson Financial Group LLC grew its holdings in shares of Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 98 shares during the last quarter. Mariner LLC lifted its holdings in Science Applications International by 2.8% during the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after purchasing an additional 106 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its position in Science Applications International by 6.7% in the first quarter. Wealthspire Advisors LLC now owns 1,946 shares of the information technology services provider's stock valued at $218,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Trading Down 0.1%

SAIC stock traded down $0.14 during midday trading on Friday, reaching $117.70. The company's stock had a trading volume of 490,174 shares, compared to its average volume of 643,570. The business's 50-day simple moving average is $114.90 and its 200-day simple moving average is $112.40. 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 52 week low of $94.68 and a 52 week high of $156.34. The stock has a market cap of $5.52 billion, a PE ratio of 19.85 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS 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%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 earnings per share. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm 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 1.3%. The ex-dividend date is Friday, October 10th. Science Applications International's payout ratio is 20.76%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SAIC. Stifel Nicolaus began coverage on Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price on the stock. Truist Financial boosted their price objective on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Barclays reduced their price target 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. Wells Fargo & Company raised 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. Finally, Jefferies Financial Group boosted their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus target price of $125.64.

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.