LSV Asset Management Decreases Stock Position in Science Applications International Corporation $SAIC

LSV Asset Management cut its holdings in Science Applications International Corporation (NASDAQ:SAIC) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,522,814 shares of the company’s stock after selling 42,221 shares during the quarter. LSV Asset Management’s holdings in Science Applications International were worth $153,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIC. Wexford Capital LP purchased a new stake in Science Applications International in the third quarter valued at about $29,000. Rakuten Securities Inc. raised its stake in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after buying an additional 249 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Science Applications International in the fourth quarter valued at about $35,000. Hantz Financial Services Inc. raised its stake in Science Applications International by 281.1% in the third quarter. Hantz Financial Services Inc. now owns 465 shares of the company’s stock valued at $46,000 after buying an additional 343 shares during the last quarter. Finally, WFA of San Diego LLC purchased a new stake in Science Applications International in the second quarter valued at about $56,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAIC has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. The Goldman Sachs Group reduced their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research note on Thursday, February 12th. Zacks Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $110.78.

Science Applications International Trading Up 4.0%

Shares of NASDAQ:SAIC opened at $100.01 on Friday. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $121.05. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 13.01 and a beta of 0.28. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The business has a 50-day moving average price of $95.56 and a 200-day moving average price of $96.33.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.83. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $2.57 earnings per share. Equities analysts predict that Science Applications International Corporation will post 9.61 EPS for the current year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, April 10th. Science Applications International’s dividend payout ratio (DPR) is 19.25%.

Science Applications International Company 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.