Y Intercept Hong Kong Ltd Takes $2.38 Million Position in Science Applications International Co. $SAIC

Y Intercept Hong Kong Ltd bought a new stake in Science Applications International Co. (NYSE:SAIC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,088 shares of the information technology services provider’s stock, valued at approximately $2,375,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Science Applications International by 9.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 271 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Science Applications International during the 1st quarter valued at approximately $204,000. Wealth Enhancement Advisory Services LLC raised its stake in Science Applications International by 61.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider’s stock valued at $1,874,000 after acquiring an additional 6,011 shares during the last quarter. LBP AM SA raised its stake in Science Applications International by 136.3% during the 2nd quarter. LBP AM SA now owns 62,491 shares of the information technology services provider’s stock valued at $7,037,000 after acquiring an additional 36,045 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Science Applications International by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 39,904 shares of the information technology services provider’s stock valued at $4,493,000 after acquiring an additional 6,580 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SAIC shares. Jefferies Financial Group reduced their price objective on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, September 10th. Stifel Nicolaus reduced their price objective on Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $115.00 price objective (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. The Goldman Sachs Group reduced their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research note on Monday, September 8th. Finally, UBS Group cut their target price on Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $115.10.

Science Applications International Stock Performance

Shares of SAIC stock opened at $93.71 on Friday. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 15.80 and a beta of 0.44. The stock has a 50 day simple moving average of $102.56 and a 200-day simple moving average of $110.41. Science Applications International Co. has a 12-month low of $90.14 and a 12-month high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.37 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. Science Applications International’s dividend payout ratio is currently 17.92%.

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.