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

Several other institutional investors and hedge funds have also modified their holdings of SAIC. Envestnet Asset Management Inc. grew its holdings in Science Applications International by 10.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,004 shares of the information technology services provider's stock worth $3,913,000 after acquiring an additional 3,222 shares during the period. Barclays PLC boosted its position in Science Applications International by 37.4% in the 4th quarter. Barclays PLC now owns 63,672 shares of the information technology services provider's stock worth $7,117,000 after purchasing an additional 17,336 shares in the last quarter. Mariner LLC grew its stake in shares of Science Applications International by 2.8% during the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock worth $433,000 after purchasing an additional 106 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Science Applications International by 3.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 36,475 shares of the information technology services provider's stock worth $4,074,000 after purchasing an additional 1,053 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Science Applications International by 5.4% during the 4th quarter. MetLife Investment Management LLC now owns 27,912 shares of the information technology services provider's stock valued at $3,120,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Up 0.4%

SAIC stock opened at $118.22 on Friday. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50-day simple moving average of $113.23 and a 200-day simple moving average of $111.83. The stock has a market capitalization of $5.54 billion, a P/E ratio of 19.94 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 24.18% and a net margin of 4.11%.During the same period last year, the firm earned $1.92 earnings per share. The company's 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. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International's dividend payout ratio is currently 20.76%.

Analysts Set New Price Targets

SAIC has been the topic of a number of recent analyst reports. 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. Jefferies Financial Group increased their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Truist Financial raised their target price on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Stifel Nicolaus began coverage on Science Applications International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target for the company. Finally, UBS Group reduced their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $125.64.

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.

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