Invesco Ltd. Raises Stake in Science Applications International Co. $SAIC

Key Points

• Invesco Ltd. increased its stake in Science Applications International Co. by 124.8%, holding approximately $98.19 million worth of shares.
• Science Applications International recently reported a quarterly EPS of $1.92, missing analysts' estimates of $2.17, and has a forecasted EPS of 8.27 for the current year.
• The company declared a quarterly dividend of $0.37, representing a 1.3% yield on an annualized basis.

Invesco Ltd. raised its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 124.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 874,595 shares of the information technology services provider's stock after purchasing an additional 485,496 shares during the period. Invesco Ltd. owned 1.83% of Science Applications International worth $98,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Covestor Ltd lifted its holdings in Science Applications International by 83.3% during the first quarter. Covestor Ltd now owns 1,186 shares of the information technology services provider's stock valued at $133,000 after purchasing an additional 539 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Science Applications International by 129.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 92,435 shares of the information technology services provider's stock valued at $10,378,000 after purchasing an additional 52,232 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Science Applications International during the first quarter valued at $1,414,000. Wealthspire Advisors LLC lifted its holdings in Science Applications International by 6.7% during the first quarter. Wealthspire Advisors LLC now owns 1,946 shares of the information technology services provider's stock valued at $218,000 after purchasing an additional 122 shares in the last quarter. Finally, Connable Office Inc. purchased a new position in Science Applications International during the first quarter valued at $219,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Up 0.5%

Shares of SAIC traded up $0.5750 during trading on Wednesday, reaching $117.4750. 79,202 shares of the company traded hands, compared to its average volume of 655,178. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The stock has a market cap of $5.51 billion, a PE ratio of 19.82 and a beta of 0.49. The stock has a 50-day simple moving average of $112.68 and a 200-day simple moving average of $111.71. 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 (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share 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%. During the same quarter last year, the firm earned $1.92 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. On average, analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.37 per share. The ex-dividend date was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SAIC shares. Stifel Nicolaus started coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price for the company. UBS Group reduced their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Truist Financial increased their target price 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. Jefferies Financial Group increased 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. Finally, Wells Fargo & Company increased 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 equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $125.64.

Science Applications International 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.