Science Applications International Co. $SAIC Holdings Boosted by Millennium Management LLC

Key Points

• Millennium Management LLC increased its stake in Science Applications International Co. by 284.8%, acquiring an additional 242,725 shares, bringing its total ownership to 327,949 shares valued at approximately $36.8 million.
• Several other institutional investors have also boosted their holdings in Science Applications International, indicating a trend of increasing confidence among investors, with institutional ownership at 76%.
• Science Applications International's recent earnings report showed a significant EPS of $3.63, exceeding expectations, but revenue dropped 2.7% year-over-year, leading to revised price targets and ratings from various analyst firms.

Millennium Management LLC boosted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 284.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,949 shares of the information technology services provider's stock after acquiring an additional 242,725 shares during the period. Millennium Management LLC owned about 0.69% of Science Applications International worth $36,819,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 148 shares during the last quarter. US Bancorp DE lifted its holdings in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 90 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 98 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 88 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in Science Applications International in the first quarter worth about $58,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Price Performance

Science Applications International stock traded down $1.65 during mid-day trading on Monday, hitting $104.78. The company's stock had a trading volume of 113,187 shares, compared to its average volume of 647,034. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.82 billion, a P/E ratio of 17.65 and a beta of 0.49. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The stock's fifty day moving average price is $114.19 and its two-hundred day moving average price is $113.00.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data 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. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the company posted $2.05 EPS. The company's quarterly revenue was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, October 10th. Science Applications International's payout ratio is presently 17.92%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SAIC. Stifel Nicolaus cut their target price on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating on the stock in a report on Friday, September 5th. The Goldman Sachs Group cut their target price on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a report on Monday, September 8th. UBS Group cut their price target on Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Truist Financial lifted their price target on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Finally, Barclays cut their price target on 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $120.64.

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.