Science Applications International Corporation $SAIC Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of Science Applications International Corporation (NASDAQ:SAIC) by 78.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,392 shares of the company’s stock after selling 29,751 shares during the period. Intech Investment Management LLC’s holdings in Science Applications International were worth $845,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wexford Capital LP acquired a new position in Science Applications International during the third quarter worth about $29,000. Rakuten Securities Inc. increased its stake in Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Science Applications International in the 4th quarter worth about $35,000. Hantz Financial Services Inc. increased its stake in Science Applications International by 281.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock worth $46,000 after purchasing an additional 343 shares in the last quarter. Finally, WFA of San Diego LLC purchased a new position in Science Applications International in the 2nd quarter worth about $56,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Price Performance

SAIC opened at $114.35 on Monday. The business has a 50 day moving average price of $98.26 and a 200 day moving average price of $97.63. Science Applications International Corporation has a twelve month low of $81.08 and a twelve month high of $123.41. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $4.83 billion, a P/E ratio of 12.88 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $1.42 EPS. The company’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. Research analysts forecast that Science Applications International Corporation will post 10.18 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, July 10th. Science Applications International’s dividend payout ratio is presently 16.67%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAIC. Citigroup lifted their price target on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group decreased their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research report on Thursday, February 12th. Truist Financial restated a “hold” rating and set a $110.00 price objective (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. Finally, UBS Group raised their price objective on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and an average price target of $111.44.

About Science Applications International

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.