Seizert Capital Partners LLC Has $10.86 Million Stake in Science Applications International Corporation $SAIC

Key Points

• Seizert Capital Partners increased its stake in Science Applications International by 122.4% in Q4, buying 59,386 shares to hold 107,922 shares worth $10.86 million (about 0.24% of SAIC).
• SAIC beat earnings estimates with $2.62 EPS (vs. $1.79 expected) while revenue of $1.75B slightly missed forecasts and was down 4.8% year-over-year; the company trades at a P/E of 12.47 and has a $4.16B market cap.
• Market view and ownership: institutional investors own 76% of the stock, analysts' consensus is a "Hold" with an average target of $110.78 after several target cuts, and SAIC pays a $1.48 annual dividend (yield ~1.5%).

Seizert Capital Partners LLC lifted its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC - Free Report) by 122.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,922 shares of the company's stock after purchasing an additional 59,386 shares during the quarter. Seizert Capital Partners LLC owned 0.24% of Science Applications International worth $10,863,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SAIC. Vanguard Group Inc. boosted its holdings in shares of Science Applications International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company's stock valued at $458,502,000 after buying an additional 15,272 shares during the period. LSV Asset Management lifted its position in Science Applications International by 20.2% in the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the company's stock valued at $155,518,000 after acquiring an additional 263,006 shares in the last quarter. First Trust Advisors LP boosted its stake in Science Applications International by 3.7% in the 3rd quarter. First Trust Advisors LP now owns 1,519,046 shares of the company's stock worth $150,947,000 after purchasing an additional 53,895 shares during the period. AQR Capital Management LLC increased its holdings in Science Applications International by 36.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company's stock worth $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Science Applications International by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,174,062 shares of the company's stock valued at $116,660,000 after purchasing an additional 19,599 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $95.91 on Monday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50-day moving average of $94.67 and a 200-day moving average of $96.46. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 12.47 and a beta of 0.28. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $124.11.

Science Applications International (NASDAQ:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating the consensus estimate of $1.79 by $0.83. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 earnings per share. As a group, sell-side analysts predict that Science Applications International Corporation will post 9.61 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, April 10th. Science Applications International's dividend payout ratio (DPR) is 19.25%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SAIC. Truist Financial reduced their price objective on Science Applications International from $110.00 to $95.00 and set a "hold" rating for the company in a research report on Tuesday, March 17th. Citigroup dropped their target price on Science Applications International from $133.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings restated a "hold (c-)" rating on shares of Science Applications International in a research note on Friday, March 27th. Stifel Nicolaus reduced their price target on Science Applications International from $128.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating in a report on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $110.78.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company's core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC's work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.