Systematic Financial Management LP Sells 30,332 Shares of Science Applications International Co. $SAIC

Key Points

• Systematic Financial Management LP reduced its stake in Science Applications International Co. by 13.1%, holding 202,010 shares worth approximately $22.68 million as of the latest SEC filing.
• Science Applications International reported earnings per share (EPS) of $1.92 for the last quarter, missing expectations and leading to a revenue increase of just 1.6% compared to the previous year.
• The company announced a quarterly dividend of $0.37, representing a 1.2% yield, with a dividend payout ratio of 20.76% as part of their financial commitments to shareholders.

Systematic Financial Management LP lessened its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 202,010 shares of the information technology services provider's stock after selling 30,332 shares during the period. Systematic Financial Management LP owned 0.42% of Science Applications International worth $22,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 148 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 98 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Science Applications International by 38.5% during the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Science Applications International during the 4th quarter valued at about $48,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 76.00% of the company's stock.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. UBS Group lowered their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Truist Financial increased their price target on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Jefferies Financial Group increased their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Finally, Stifel Nicolaus initiated coverage on shares of Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target for the company. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $125.64.

Science Applications International Trading Down 0.2%

Science Applications International stock traded down $0.24 during midday trading on Wednesday, reaching $119.34. The stock had a trading volume of 418,552 shares, compared to its average volume of 646,716. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 20.12 and a beta of 0.49. The company has a fifty day moving average of $114.06 and a 200 day moving average of $112.12.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. On average, analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. Science Applications International's dividend payout ratio (DPR) is 20.76%.

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.