Vident Advisory LLC Increases Position in Science Applications International Co. $SAIC

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 holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 140.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 79,738 shares of the information technology services provider's stock after buying an additional 46,550 shares during the period. Vident Advisory LLC owned 0.17% of Science Applications International worth $8,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Canada Pension Plan Investment Board raised its holdings in shares of Science Applications International by 163.5% in the first quarter. Canada Pension Plan Investment Board now owns 90,900 shares of the information technology services provider's stock valued at $10,205,000 after buying an additional 56,400 shares during the last quarter. Trexquant Investment LP raised its holdings in Science Applications International by 1,640.7% during the first quarter. Trexquant Investment LP now owns 85,449 shares of the information technology services provider's stock worth $9,593,000 after purchasing an additional 80,540 shares in the last quarter. Ieq Capital LLC raised its holdings in Science Applications International by 48.9% during the first quarter. Ieq Capital LLC now owns 35,563 shares of the information technology services provider's stock worth $3,993,000 after purchasing an additional 11,672 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Science Applications International during the first quarter worth about $3,375,000. Finally, Bragg Financial Advisors Inc raised its holdings in Science Applications International by 2.5% during the first quarter. Bragg Financial Advisors Inc now owns 214,853 shares of the information technology services provider's stock worth $24,122,000 after purchasing an additional 5,312 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.1%

Shares of SAIC opened at $117.70 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm's 50-day moving average is $114.90 and its two-hundred day moving average is $112.34. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The firm has a market capitalization of $5.52 billion, a P/E ratio of 19.85 and a beta of 0.49.

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 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.During the same quarter last year, the business earned $1.92 EPS. Science Applications International's quarterly revenue was up 1.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. On average, research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 10th. Science Applications International's dividend payout ratio is presently 20.76%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group cut 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. Barclays cut their price target on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. Wells Fargo & Company increased their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Truist Financial increased their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group increased their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Science Applications International presently has an average rating of "Hold" and an average target price of $125.64.

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.

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