Science Applications International Co. $SAIC Shares Acquired by LSV Asset Management

LSV Asset Management lifted its holdings in Science Applications International Co. (NYSE:SAIC) by 20.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,565,035 shares of the information technology services provider’s stock after purchasing an additional 263,006 shares during the period. LSV Asset Management owned approximately 3.40% of Science Applications International worth $155,518,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its stake in Science Applications International by 229.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the information technology services provider’s stock worth $6,901,000 after acquiring an additional 48,359 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of Science Applications International during the second quarter worth about $391,000. Allspring Global Investments Holdings LLC increased its position in shares of Science Applications International by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the information technology services provider’s stock worth $18,229,000 after purchasing an additional 21,124 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of Science Applications International by 161.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 7,674 shares of the information technology services provider’s stock valued at $864,000 after purchasing an additional 4,735 shares during the period. Finally, River Road Asset Management LLC acquired a new position in Science Applications International during the second quarter worth approximately $19,767,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

Shares of SAIC stock opened at $82.22 on Thursday. The firm has a fifty day simple moving average of $103.33 and a 200-day simple moving average of $102.37. 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 company has a market capitalization of $3.71 billion, a PE ratio of 13.87 and a beta of 0.28. Science Applications International Co. has a twelve month low of $81.08 and a twelve month high of $124.11.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.07 by $0.51. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.61 earnings per share. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.8%. Science Applications International’s payout ratio is 18.93%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup upped their target price on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. UBS Group boosted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Three investment 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. According to MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus price target of $117.44.

Insider Buying and Selling

In other news, CEO James Reagan acquired 1,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the transaction, the chief executive officer owned 26,460 shares in the company, valued at approximately $2,650,498.20. This trade represents a 3.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.44% of the company’s stock.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.