Intech Investment Management LLC Buys 18,949 Shares of Science Applications International Co. $SAIC

Key Points

• Intech Investment Management LLC significantly increased its holdings in Science Applications International Co. by 107.4%, now owning $4.11 million worth of shares.
• Science Applications International reported $3.63 earnings per share for its most recent quarter, surpassing estimates, but experienced a 2.7% decrease in revenue year-over-year.
• The company has announced a quarterly dividend of $0.37 per share, with an ex-dividend date set for October 10th, providing a dividend yield of 1.4%.

Intech Investment Management LLC increased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 107.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,586 shares of the information technology services provider's stock after acquiring an additional 18,949 shares during the period. Intech Investment Management LLC owned about 0.08% of Science Applications International worth $4,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SAIC. AQR Capital Management LLC raised its stake in Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock valued at $107,379,000 after buying an additional 513,192 shares during the last quarter. Invesco Ltd. raised its stake in Science Applications International by 124.8% during the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock valued at $98,191,000 after buying an additional 485,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Science Applications International by 14.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider's stock valued at $280,685,000 after buying an additional 313,539 shares during the last quarter. Millennium Management LLC raised its stake in Science Applications International by 284.8% during the 1st quarter. Millennium Management LLC now owns 327,949 shares of the information technology services provider's stock valued at $36,819,000 after buying an additional 242,725 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Science Applications International during the 1st quarter valued at $13,147,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SAIC. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $115.00 target price (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Jefferies Financial Group decreased their target price 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, September 10th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a research report on Monday, September 8th. Stifel Nicolaus cut their price objective on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research report on Friday, September 5th. Finally, Truist Financial boosted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Science Applications International has an average rating of "Hold" and a consensus price target of $120.64.

Science Applications International Price Performance

Science Applications International stock traded down $2.49 during mid-day trading on Monday, hitting $103.93. The stock had a trading volume of 530,695 shares, compared to its average volume of 649,521. The firm has a market capitalization of $4.78 billion, a P/E ratio of 17.53 and a beta of 0.49. 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 $113.91 and its 200 day moving average is $113.03. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

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 for the quarter, topping the consensus estimate of $2.25 by $1.38. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, sell-side analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

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

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.