Science Applications International Co. $SAIC Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in Science Applications International Co. by 83.4% in Q2, bringing its total holdings to 16,658 shares valued at approximately $1.88 million.
• The company's recent quarterly earnings showed a significant beat of analysts' expectations with earnings per share reported at $3.63, compared to the consensus estimate of $2.25.
• Science Applications International announced a quarterly dividend of $0.37, with a total annualized dividend yield of 1.5%, reflecting a payout ratio of 17.92%.

Cwm LLC raised its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 83.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,658 shares of the information technology services provider's stock after buying an additional 7,576 shares during the quarter. Cwm LLC's holdings in Science Applications International were worth $1,876,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its position 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 valued at $280,685,000 after acquiring an additional 313,539 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Science Applications International by 2.7% in the 1st 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. AQR Capital Management LLC grew its stake in shares of Science Applications International by 115.8% in the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock valued at $107,379,000 after buying an additional 513,192 shares during the period. Invesco Ltd. increased its holdings in shares of Science Applications International by 124.8% during the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock worth $98,191,000 after buying an additional 485,496 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Science Applications International by 8.3% during the 1st quarter. LSV Asset Management now owns 535,295 shares of the information technology services provider's stock worth $60,098,000 after buying an additional 41,139 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Trading Up 0.7%

Shares of NYSE SAIC opened at $97.51 on Monday. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. 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 stock has a fifty day simple moving average of $107.03 and a 200-day simple moving average of $111.59. The stock has a market capitalization of $4.49 billion, a PE ratio of 16.44 and a beta of 0.44.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The company's revenue was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities 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. Stockholders of record on Friday, October 10th will be paid a $0.37 dividend. 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 1.5%. Science Applications International's payout ratio is presently 17.92%.

Analyst Upgrades and Downgrades

SAIC has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research report on Friday, September 5th. UBS Group reduced their target price on Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. The Goldman Sachs Group reduced their target price on Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a research report on Monday, September 8th. Finally, Truist Financial lifted their target price on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of "Hold" and an average price target of $115.10.

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.

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