Systematic Financial Management LP Sells 15,767 Shares of Science Applications International Corporation $SAIC

Systematic Financial Management LP reduced its stake in shares of Science Applications International Corporation (NASDAQ:SAIC) by 8.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,029 shares of the company’s stock after selling 15,767 shares during the quarter. Systematic Financial Management LP’s holdings in Science Applications International were worth $17,278,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Science Applications International in the 4th quarter worth about $53,403,000. Fuller & Thaler Asset Management Inc. boosted its position in Science Applications International by 20.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $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% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after buying an additional 393,344 shares during the period. AQR Capital Management LLC grew its stake in Science Applications International by 36.3% in 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 in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Science Applications International in the 2nd quarter worth about $31,271,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. BNP Paribas Exane started coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target for the company. Citigroup increased their price objective 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. 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 report on Wednesday, June 3rd. Finally, The Goldman Sachs Group lifted their target price on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus price target of $115.22.

Science Applications International Stock Up 2.1%

Shares of NASDAQ SAIC opened at $118.99 on Friday. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $123.41. The stock’s fifty day simple moving average is $109.36 and its two-hundred day simple moving average is $101.41. The stock has a market capitalization of $5.03 billion, a PE ratio of 13.40 and a beta of 0.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.26 by $0.97. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, analysts expect that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.37 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s payout ratio is currently 16.67%.

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.