River Road Asset Management LLC Has $48.28 Million Stock Position in Science Applications International Corporation $SAIC

River Road Asset Management LLC grew its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 44.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 479,677 shares of the company’s stock after acquiring an additional 147,438 shares during the period. River Road Asset Management LLC’s holdings in Science Applications International were worth $48,284,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SAIC. Norges Bank bought a new stake in shares of Science Applications International during the fourth quarter worth about $53,403,000. Fuller & Thaler Asset Management Inc. boosted its position in Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock worth $264,429,000 after buying an additional 441,296 shares during the period. First Trust Advisors LP boosted its position in Science Applications International by 25.9% during the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after buying an additional 393,344 shares during the period. AQR Capital Management LLC grew its holdings in Science Applications International by 36.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after acquiring an additional 347,456 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Science Applications International during the 2nd quarter worth approximately $31,271,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Down 4.1%

Shares of NASDAQ:SAIC opened at $102.39 on Friday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $123.41. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50-day moving average is $100.53 and its 200-day moving average is $99.23. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 11.53 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Equities research analysts predict that Science Applications International Corporation will post 10.18 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. Science Applications International’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analyst Weigh In

SAIC has been the subject of several analyst reports. Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Stifel Nicolaus reduced their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. The Goldman Sachs Group lifted their target price on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a report on Friday, June 12th. Finally, Wall Street Zen upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.00.

Science Applications International Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.