Science Applications International Co. $SAIC Position Increased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in Science Applications International Co. by 140.3% during the first quarter, now owning 79,738 shares valued at approximately $8.95 million.
• The company reported earnings of $1.92 per share for the most recent quarter, falling short of the consensus estimate of $2.17.
• Science Applications International announced a quarterly dividend of $0.37 per share, set to be paid on October 24th, with an annualized yield of 1.3%.

Vident Advisory LLC grew its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 140.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,738 shares of the information technology services provider's stock after acquiring an additional 46,550 shares during the quarter. Vident Advisory LLC owned about 0.17% of Science Applications International worth $8,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIC. Fuller & Thaler Asset Management Inc. grew its position in shares of 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 worth $280,685,000 after buying an additional 313,539 shares in the last quarter. Dimensional Fund Advisors LP grew 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 buying an additional 30,343 shares in the last quarter. Invesco Ltd. grew 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 buying an additional 485,496 shares in the last quarter. LSV Asset Management grew 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 buying an additional 41,139 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Science Applications International by 12.9% during the fourth quarter. Northern Trust Corp now owns 458,560 shares of the information technology services provider's stock worth $51,258,000 after buying an additional 52,422 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Jefferies Financial Group upped their price objective on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Wells Fargo & Company upped their target price on 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 decreased their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Finally, Barclays decreased their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $125.64.

Science Applications International Trading Down 6.7%

NYSE SAIC traded down $7.68 during trading hours on Thursday, hitting $106.43. 618,636 shares of the company's stock were exchanged, compared to its average volume of 643,870. The business's 50 day moving average is $115.56 and its 200-day moving average is $112.66. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The firm has a market capitalization of $4.99 billion, a P/E ratio of 17.95 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

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 (EPS) for the quarter, beating the consensus estimate of $2.25 by $1.38. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

About Science Applications International

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.