Science Applications International Co. $SAIC Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Science Applications International Co. by 13.1% during the first quarter, acquiring an additional 4,298 shares to own 37,142 shares valued at $4.17 million.
• Wall Street analysts have raised their price targets for SAIC, with Jefferies Financial Group and Wells Fargo adjusting their targets to $130.00 and $137.00 respectively, indicating a generally positive outlook despite a mixed bag of ratings.
• The company announced a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 1.3%, underlining its commitment to returning value to shareholders.

Quantbot Technologies LP grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,142 shares of the information technology services provider's stock after acquiring an additional 4,298 shares during the period. Quantbot Technologies LP owned 0.08% of Science Applications International worth $4,170,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its position in Science Applications International by 9.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock worth $355,000 after acquiring an additional 271 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Science Applications International during the 1st quarter valued at $204,000. SG Americas Securities LLC raised its position in shares of Science Applications International by 19.4% during the 1st quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock valued at $506,000 after purchasing an additional 732 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Science Applications International by 17.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock valued at $4,619,000 after purchasing an additional 6,137 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Science Applications International by 96.8% during the 1st quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock valued at $69,000 after purchasing an additional 302 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Performance

Shares of SAIC stock traded up $0.97 during trading hours on Friday, hitting $119.19. The company's stock had a trading volume of 287,988 shares, compared to its average volume of 651,467. 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 company has a 50 day moving average of $113.50 and a 200 day moving average of $111.91. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market cap of $5.59 billion, a PE ratio of 20.10 and a beta of 0.49.

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 (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 firm earned $1.92 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. On average, sell-side analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal 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 given a dividend of $0.37 per share. The ex-dividend date was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International's dividend payout ratio is currently 20.76%.

Analysts Set New Price Targets

Several brokerages have recently commented on SAIC. Barclays decreased 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 research report on Monday, June 9th. Truist Financial raised their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. UBS Group decreased their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Stifel Nicolaus began 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 on the stock. Finally, Wells Fargo & Company raised their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Science Applications International has a consensus rating of "Hold" and an average price target of $125.64.

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.