LSV Asset Management Has $60.10 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Key Points

• LSV Asset Management increased its stake in Science Applications International Co. (NYSE:SAIC) by 8.3% during the first quarter, owning a total of 535,295 shares valued at approximately $60 million.
• Science Applications International reported a Q1 earnings per share of $1.92, missing analysts' expectations of $2.17, while revenue increased by 1.6% year-over-year.
• The company declared a $0.37 quarterly dividend, contributing to an annualized dividend of $1.48 and a yield of 1.3%.

LSV Asset Management raised its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 535,295 shares of the information technology services provider's stock after acquiring an additional 41,139 shares during the quarter. LSV Asset Management owned about 1.12% of Science Applications International worth $60,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. boosted its stake in Science Applications International by 27.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after acquiring an additional 464,989 shares during the last quarter. First Trust Advisors LP lifted its stake in Science Applications International by 0.3% in the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider's stock valued at $136,163,000 after buying an additional 3,078 shares in the last quarter. Northern Trust Corp lifted its stake in Science Applications International by 12.9% in the fourth quarter. Northern Trust Corp now owns 458,560 shares of the information technology services provider's stock valued at $51,258,000 after buying an additional 52,422 shares in the last quarter. AQR Capital Management LLC lifted its stake in Science Applications International by 68.4% in the fourth quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock valued at $49,413,000 after buying an additional 179,963 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in Science Applications International in the fourth quarter valued at approximately $34,909,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of NYSE:SAIC traded up $1.56 on Thursday, hitting $116.70. The company had a trading volume of 38,122 shares, compared to its average volume of 675,951. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 19.68 and a beta of 0.49. The stock has a 50 day moving average price of $110.58 and a 200 day moving average price of $111.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate 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 company earned $1.92 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. Analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

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

Analysts Set New Price Targets

SAIC has been the topic of a number of research reports. Truist Financial boosted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group lowered 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 report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $125.64.

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.