Ieq Capital LLC Acquires 11,672 Shares of 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 increased its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 48.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAIC. Mariner LLC lifted its position 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 worth $433,000 after buying an additional 106 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Science Applications International by 6.0% during the 4th 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 buying an additional 1,783 shares in the last quarter. Northern Trust Corp lifted its position in Science Applications International by 12.9% during the 4th quarter. Northern Trust Corp now owns 458,560 shares of the information technology services provider's stock worth $51,258,000 after buying an additional 52,422 shares in the last quarter. AQR Capital Management LLC lifted its position in Science Applications International by 68.4% during the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock valued at $49,413,000 after purchasing an additional 179,963 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in Science Applications International by 1,441.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,756 shares of the information technology services provider's stock valued at $2,544,000 after purchasing an additional 21,280 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Trading Down 6.9%

Shares of SAIC stock traded down $7.89 on Thursday, reaching $106.22. The company had a trading volume of 1,374,110 shares, compared to its average volume of 648,591. 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 stock has a market cap of $4.98 billion, a PE ratio of 17.91 and a beta of 0.49. The company has a 50-day moving average of $115.50 and a 200-day moving average of $112.69. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the business posted $2.05 EPS. Science Applications International'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. On average, equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International's dividend payout ratio is presently 20.76%.

Analyst Ratings Changes

A number of research analysts have issued reports on SAIC shares. Barclays cut their target price 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. UBS Group cut their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Jefferies Financial Group upped their target price on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus started coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 target price on the stock. Finally, Wells Fargo & Company upped their target price 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. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Science Applications International has an average rating of "Hold" and a consensus price target 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.