PDT Partners LLC Buys Shares of 30,649 Science Applications International Co. $SAIC

Key Points

• PDT Partners LLC acquired approximately 30,649 shares of Science Applications International Co. (SAIC) valued at about $3.44 million during the first quarter, representing a 0.06% ownership stake in the company.
• Science Applications International recently missed earnings estimates by reporting $1.92 EPS, which is lower than the consensus estimate of $2.17, despite a 1.6% year-over-year revenue increase.
• The company has declared a quarterly dividend of $0.37, set to be paid on October 24th, which represents an annualized yield of 1.3% and a payout ratio of 20.76%.

PDT Partners LLC purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,649 shares of the information technology services provider's stock, valued at approximately $3,441,000. PDT Partners LLC owned about 0.06% of Science Applications International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. boosted its position in Science Applications International by 14.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider's stock valued at $280,685,000 after purchasing an additional 313,539 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $128,202,000 after purchasing an additional 30,343 shares during the last quarter. Invesco Ltd. boosted 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 valued at $98,191,000 after purchasing an additional 485,496 shares during the last quarter. LSV Asset Management boosted 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 valued at $60,098,000 after purchasing an additional 41,139 shares during the last quarter. Finally, Northern Trust Corp raised 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 during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of NYSE SAIC traded down $7.89 during trading hours on Thursday, reaching $106.22. 1,374,110 shares of the stock were exchanged, compared to its average volume of 648,591. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 17.91 and a beta of 0.49. Science Applications International Co. has a 52 week low of $94.68 and a 52 week 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. The stock's fifty day simple moving average is $115.50 and its 200 day simple moving average is $112.69.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International's payout ratio is 20.76%.

Analysts Set New Price Targets

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

Science Applications International Company 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.