Science Applications International Co. $SAIC Stock Holdings Increased by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management L L P NC increased its stake in Science Applications International Co. by 36.3%, owning 67,325 shares worth approximately $7.58 million as of the latest SEC filing.
• Science Applications International reported a higher than expected EPS of $3.63, exceeding the consensus estimate of $2.25, but experienced a revenue decline of 2.7% year-over-year.
• The company declared a quarterly dividend of $0.37, with an annualized total of $1.48, resulting in a dividend yield of 1.4% for shareholders.

Wedge Capital Management L L P NC increased its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 36.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,325 shares of the information technology services provider's stock after purchasing an additional 17,921 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of Science Applications International worth $7,581,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in Science Applications International by 9.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock worth $355,000 after purchasing an additional 271 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of Science Applications International during the first quarter valued at approximately $204,000. SG Americas Securities LLC raised its holdings in shares of Science Applications International by 19.4% during the first quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock valued at $506,000 after acquiring an additional 732 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Science Applications International by 17.5% during the first quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock valued at $4,619,000 after acquiring an additional 6,137 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Science Applications International by 96.8% during the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock valued at $69,000 after acquiring an additional 302 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Down 1.2%

NYSE:SAIC traded down $1.27 during mid-day trading on Tuesday, hitting $100.19. The company had a trading volume of 337,401 shares, compared to its average volume of 646,926. The business has a fifty day simple moving average of $112.65 and a 200-day simple moving average of $113.04. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 16.89 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The company's revenue for the quarter was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International's payout ratio is 17.92%.

Analysts Set New Price Targets

SAIC has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a report on Monday, September 8th. Barclays lowered their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. Stifel Nicolaus dropped their price objective on Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, September 5th. Truist Financial lifted 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. Finally, UBS Group dropped their price objective on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $120.64.

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.