Science Applications International Co. $SAIC Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Science Applications International Co. by 61.4% in Q2, bringing its total to 15,802 shares valued at $1,874,000.
• Recent earnings reported a $3.63 earnings per share, significantly beating the consensus estimate by $1.38, despite a 2.7% decline in revenue year-over-year.
• Science Applications International announced a quarterly dividend of $0.37 per share, with an ex-dividend date set for October 10th, representing an annual yield of 1.5%.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 61.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,802 shares of the information technology services provider's stock after buying an additional 6,011 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Science Applications International were worth $1,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. lifted 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 buying an additional 313,539 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $128,202,000 after purchasing an additional 30,343 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Science Applications International by 115.8% during the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock worth $107,379,000 after purchasing an additional 513,192 shares in the last quarter. Invesco Ltd. lifted its position in shares of 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 worth $98,191,000 after purchasing an additional 485,496 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of 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 worth $60,098,000 after purchasing an additional 41,139 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAIC. JPMorgan Chase & Co. reissued a "neutral" rating and set a $115.00 target price (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Jefferies Financial Group reduced their target price on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating on the stock in a research report on Wednesday, September 10th. Truist Financial boosted their target price 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. Stifel Nicolaus reduced 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 research report on Friday, September 5th. Finally, Barclays reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $120.64.

Science Applications International Stock Up 0.5%

SAIC stock opened at $97.67 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The firm has a fifty day moving average price of $111.51 and a two-hundred day moving average price of $112.81. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 16.47 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The firm's revenue for the quarter 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 predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International's payout ratio is presently 17.92%.

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.

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