Vanguard Group Inc. Has $458.50 Million Stake in Science Applications International Corporation $SAIC

Vanguard Group Inc. grew its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,554,957 shares of the company's stock after acquiring an additional 15,272 shares during the period. Vanguard Group Inc. owned 10.09% of Science Applications International worth $458,502,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SAIC. AQR Capital Management LLC boosted its position in shares of 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 valued at $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Science Applications International in the second quarter valued at approximately $31,271,000. LSV Asset Management lifted its stake in Science Applications International by 20.2% in the third quarter. LSV Asset Management now owns 1,565,035 shares of the company's stock valued at $155,518,000 after buying an additional 263,006 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Science Applications International by 192.4% during the 3rd quarter. Two Sigma Investments LP now owns 170,800 shares of the company's stock worth $16,972,000 after buying an additional 112,382 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Science Applications International by 76.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 219,655 shares of the company's stock worth $21,827,000 after buying an additional 94,978 shares during the period. 76.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAIC. JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday, April 13th. Zacks Research cut shares of Science Applications International from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Truist Financial dropped their price objective on shares of Science Applications International from $110.00 to $95.00 and set a "hold" rating on the stock in a report on Tuesday, March 17th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $94.00 to $82.00 and set a "sell" rating on the stock in a research report on Thursday, February 12th. Finally, Wall Street Zen downgraded Science Applications International from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $110.78.

Science Applications International Price Performance

Shares of SAIC opened at $95.59 on Wednesday. The business's fifty day moving average is $94.79 and its 200 day moving average is $96.44. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $124.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The stock has a market cap of $4.15 billion, a P/E ratio of 12.43 and a beta of 0.28.

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

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued 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 was Friday, April 10th. Science Applications International's dividend payout ratio is currently 19.25%.

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.

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