Dimensional Fund Advisors LP Grows Stock Position in Science Applications International Co. $SAIC

Dimensional Fund Advisors LP lifted its stake in Science Applications International Co. (NYSE:SAIC) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,141,923 shares of the information technology services provider’s stock after purchasing an additional 30,343 shares during the period. Dimensional Fund Advisors LP owned about 2.39% of Science Applications International worth $128,202,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock worth $31,000 after buying an additional 148 shares during the last quarter. US Bancorp DE lifted its holdings in Science Applications International by 38.5% during the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock worth $36,000 after buying an additional 90 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock worth $36,000 after buying an additional 98 shares during the last quarter. True Wealth Design LLC purchased a new stake in Science Applications International during the 4th quarter worth about $48,000. Finally, Fifth Third Bancorp lifted its holdings in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after buying an additional 88 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. Wells Fargo & Company boosted their target price on Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Stifel Nicolaus started coverage on Science Applications International in a report on Tuesday, June 24th. They issued a “buy” rating and a $130.00 target price for the company. Truist Financial boosted their target price on Science Applications International from $100.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Finally, Barclays reduced their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, June 9th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $125.64.

Science Applications International Stock Performance

NYSE SAIC opened at $118.22 on Friday. 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’s 50 day moving average is $113.23 and its two-hundred day moving average is $111.83. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 19.94 and a beta of 0.49.

Science Applications International (NYSE:SAIC) 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 return on equity of 24.18% and a net margin of 4.11%.During the same period last year, the firm posted $1.92 EPS. The business’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. Research analysts expect that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.37 per share. The ex-dividend date was Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.3%. Science Applications International’s payout ratio is presently 20.76%.

About Science Applications International

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.