Ieq Capital LLC Increases Position in Science Applications International Co. $SAIC

Key Points

• Ieq Capital LLC has significantly increased its holdings in Science Applications International Co. by 48.9%, bringing its ownership to 35,563 shares valued at approximately $3,993,000.
• Several institutional investors have also increased their stakes in SAIC, with some like AQR Capital Management LLC raising their holdings by as much as 68.4% during the fourth quarter.
• Analysts have issued varying ratings and price target adjustments for SAIC, with a consensus rating of "Hold" and an average price target of $125.64.

Ieq Capital LLC grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 48.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,563 shares of the information technology services provider's stock after buying an additional 11,672 shares during the period. Ieq Capital LLC owned 0.07% of Science Applications International worth $3,993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SAIC. Mariner LLC raised its holdings in shares of Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock valued at $433,000 after buying an additional 106 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Science Applications International by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,480 shares of the information technology services provider's stock worth $3,519,000 after acquiring an additional 1,783 shares during the period. Northern Trust Corp increased its stake in shares of Science Applications International by 12.9% during the fourth quarter. Northern Trust Corp now owns 458,560 shares of the information technology services provider's stock worth $51,258,000 after acquiring an additional 52,422 shares during the period. AQR Capital Management LLC increased its stake in shares of Science Applications International by 68.4% during the fourth quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock worth $49,413,000 after acquiring an additional 179,963 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Science Applications International by 1,441.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 22,756 shares of the information technology services provider's stock worth $2,544,000 after acquiring an additional 21,280 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAIC shares. Truist Financial boosted their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. UBS Group dropped their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Barclays dropped 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 note on Monday, June 9th. Wells Fargo & Company boosted their price target 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. Finally, Jefferies Financial Group boosted their price target 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 research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $125.64.

Science Applications International Trading Down 0.1%

Shares of SAIC opened at $117.70 on Friday. 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's 50-day moving average is $114.90 and its two-hundred day moving average is $112.34. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The firm has a market capitalization of $5.52 billion, a P/E ratio of 19.85 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.During the same quarter last year, the business earned $1.92 EPS. Science Applications International's quarterly 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. On average, research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. Science Applications International's dividend payout ratio is currently 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.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAIC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.