Martingale Asset Management L P Cuts Stake in Science Applications International Co. $SAIC

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 reduced its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 89.6% during the first quarter, according to its most recent filing 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after buying an additional 148 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after buying an additional 98 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after buying an additional 90 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Science Applications International in the 4th quarter worth about $48,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after buying an additional 88 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Science Applications International stock opened at $118.70 on Tuesday. The firm's 50 day simple moving average is $113.78 and its 200 day simple moving average is $112.07. 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 has a market capitalization of $5.56 billion, a PE ratio of 20.02 and a beta of 0.49. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its 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 return on equity of 24.18% and a net margin of 4.11%.The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 EPS. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, analysts expect 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 was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International's dividend payout ratio is 20.76%.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group cut their price target 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. Jefferies Financial Group upped their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Barclays dropped their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Finally, Stifel Nicolaus initiated coverage on shares of Science Applications International in a report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective on the stock. 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. Based on data from MarketBeat.com, Science Applications International currently has a consensus 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.

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