Science Applications International Co. $SAIC Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P drastically reduced its stake in Science Applications International Co. by 89.6%, owning only 3,508 shares after selling 30,100 shares, reducing its holdings to a value of $394,000.
• Several other institutional investors have increased their positions, with Parallel Advisors LLC boosting its holdings by 112.1% during the same quarter.
• Science Applications International reported $1.92 earnings per share for the last quarter, missing analysts' expectations, and set its FY 2026 guidance at 9.100-9.300 EPS.

Martingale Asset Management L P cut its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 89.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,508 shares of the information technology services provider's stock after selling 30,100 shares during the quarter. Martingale Asset Management L P's holdings in Science Applications International were worth $394,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its stake in shares of 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 worth $280,685,000 after buying an additional 313,539 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Science Applications International by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,141,923 shares of the information technology services provider's stock worth $128,202,000 after acquiring an additional 30,343 shares during the last quarter. Invesco Ltd. raised its position in Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock worth $98,191,000 after acquiring an additional 485,496 shares during the last quarter. LSV Asset Management raised its position in Science Applications International by 8.3% during the first quarter. LSV Asset Management now owns 535,295 shares of the information technology services provider's stock worth $60,098,000 after acquiring an additional 41,139 shares during the last quarter. Finally, Northern Trust Corp raised its position in 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 last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Down 0.1%

Science Applications International stock traded down $0.14 during trading on Friday, hitting $117.70. The company's stock had a trading volume of 490,174 shares, compared to its average volume of 643,570. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 19.85 and a beta of 0.49. The stock's fifty day moving average is $114.90 and its 200 day moving average is $112.49. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results 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 period last year, the business earned $1.92 earnings per share. The firm'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. As a group, equities research analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. Science Applications International's dividend payout ratio is currently 20.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SAIC. Barclays cut their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. UBS Group cut their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Stifel Nicolaus began coverage on Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target for the company. Jefferies Financial Group boosted their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, Truist Financial boosted 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 note on Thursday, July 24th. 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, the stock currently has an average rating of "Hold" and a consensus price target 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.