Science Applications International Co. $SAIC Shares Sold by Knightsbridge Asset Management LLC

Knightsbridge Asset Management LLC trimmed its stake in shares of Science Applications International Co. (NYSE:SAIC) by 12.4% during the first quarter, HoldingsChannel reports. The fund owned 14,986 shares of the information technology services provider’s stock after selling 2,124 shares during the quarter. Knightsbridge Asset Management LLC’s holdings in Science Applications International were worth $1,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Larson Financial Group LLC increased its holdings in Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 98 shares during the last quarter. US Bancorp DE increased its holdings in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. Fifth Third Bancorp raised its stake in Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 88 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in Science Applications International during the 1st quarter worth approximately $58,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC stock opened at $104.93 on Friday. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 17.69 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s fifty day moving average is $115.42 and its two-hundred day moving average is $112.77.

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

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International’s payout ratio is presently 17.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SAIC shares. Wells Fargo & Company lifted their target price on Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Jefferies Financial Group raised their price objective on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, May 15th. Barclays lowered their target price on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, June 9th. Truist Financial increased their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Finally, 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. Four equities research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $125.36.

Science Applications International Company Profile

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.