683 Capital Management LLC Raises Holdings in Science Applications International Co. $SAIC

683 Capital Management LLC grew its stake in shares of Science Applications International Co. (NYSE:SAIC) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,500 shares of the information technology services provider’s stock after purchasing an additional 6,500 shares during the quarter. 683 Capital Management LLC’s holdings in Science Applications International were worth $6,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in Science Applications International by 143.2% in the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock valued at $146,621,000 after buying an additional 766,734 shares during the last quarter. Norges Bank bought a new stake in shares of Science Applications International during the second quarter valued at approximately $81,148,000. AQR Capital Management LLC raised its stake in Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after acquiring an additional 513,192 shares in the last quarter. Invesco Ltd. grew its position in Science Applications International by 124.8% in the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after buying an additional 485,496 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Science Applications International by 78.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock valued at $101,608,000 after buying an additional 396,037 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SAIC shares. The Goldman Sachs Group cut their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research report on Monday, September 8th. Stifel Nicolaus decreased their price target on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, September 5th. Jefferies Financial Group dropped their target price on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, September 10th. Citigroup initiated coverage on shares of Science Applications International in a report on Friday. They set a “buy” rating and a $122.00 price target on the stock. Finally, UBS Group upped their price target on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $116.91.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $100.18 on Friday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 16.89 and a beta of 0.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $93.38 and its two-hundred day moving average price is $104.39. Science Applications International Co. has a fifty-two week low of $84.15 and a fifty-two week high of $124.11.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company earned $2.61 EPS. Science Applications International’s revenue for the quarter was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, January 14th. Science Applications International’s dividend payout ratio is presently 18.93%.

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.