Wellington Management Group LLP Sells 633,367 Shares of Science Applications International Co. $SAIC

Key Points

• Wellington Management Group LLP has reduced its stake in Science Applications International Co. (SAIC) by 36.9%, owning approximately 2.27% valued at $121.5 million after selling over 633,000 shares.
• SAIC reported $1.92 earnings per share (EPS) for the most recent quarter, falling short of the consensus estimate of $2.17, while revenue saw a 1.6% year-over-year increase.
• Recent analyst reports have influenced SAIC's price targets, with Wells Fargo raising its target to $137 and UBS lowering it to $111, indicating varied market sentiment around the stock.

Wellington Management Group LLP reduced its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 36.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,082,428 shares of the information technology services provider's stock after selling 633,367 shares during the quarter. Wellington Management Group LLP owned about 2.27% of Science Applications International worth $121,524,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SAIC. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Science Applications International by 9.4% in the first 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 last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Science Applications International in the first quarter worth approximately $204,000. SG Americas Securities LLC raised its stake in shares of Science Applications International by 19.4% in the first quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock worth $506,000 after purchasing an additional 732 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Science Applications International by 17.5% in the first quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock worth $4,619,000 after purchasing an additional 6,137 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Science Applications International by 96.8% in the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock worth $69,000 after purchasing an additional 302 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAIC has been the subject of several analyst reports. Jefferies Financial Group increased their price objective on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Barclays cut their price target on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Stifel Nicolaus started coverage on shares of Science Applications International in a report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target 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 on the stock in a report on Tuesday, June 3rd. Finally, Truist Financial boosted 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. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $125.64.

Science Applications International Stock Performance

Shares of SAIC stock traded down $0.24 during trading on Wednesday, hitting $119.34. The company's stock had a trading volume of 418,552 shares, compared to its average volume of 646,716. The company has a market cap of $5.59 billion, a PE ratio of 20.12 and a beta of 0.49. 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 business has a fifty day moving average of $114.35 and a 200-day moving average of $112.17. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

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

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International's dividend payout ratio is 20.76%.

Science Applications International 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.