Y Intercept Hong Kong Ltd Purchases 48,359 Shares of Science Applications International Co. $SAIC

Y Intercept Hong Kong Ltd increased its position in shares of Science Applications International Co. (NYSE:SAIC) by 229.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,447 shares of the information technology services provider’s stock after acquiring an additional 48,359 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.15% of Science Applications International worth $6,901,000 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. Wealth Enhancement Advisory Services LLC raised its stake in shares of Science Applications International by 61.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider’s stock worth $1,874,000 after buying an additional 6,011 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in Science Applications International in the second quarter valued at approximately $391,000. Allspring Global Investments Holdings LLC grew its holdings in Science Applications International by 13.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the information technology services provider’s stock worth $18,229,000 after acquiring an additional 21,124 shares during the period. Focus Partners Advisor Solutions LLC raised its position in shares of Science Applications International by 161.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 7,674 shares of the information technology services provider’s stock valued at $864,000 after acquiring an additional 4,735 shares during the last quarter. Finally, LBP AM SA raised its position in shares of 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. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. UBS Group raised their target price on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. upped their price target on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $117.70.

Science Applications International Stock Performance

SAIC stock opened at $110.14 on Friday. Science Applications International Co. has a 1-year low of $84.15 and a 1-year high of $124.11. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $4.97 billion, a PE ratio of 18.57 and a beta of 0.28. The business’s 50-day moving average price is $100.03 and its two-hundred day moving average price is $103.76.

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

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, January 14th. Science Applications International’s payout ratio is 18.93%.

Insider Activity

In other news, CEO James Reagan bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average price of $100.17 per share, with a total value of $100,170.00. Following the transaction, the chief executive officer owned 26,460 shares in the company, valued at $2,650,498.20. This represents a 3.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

Science Applications International Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.