Wedge Capital Management L L P NC Purchases 11,306 Shares of Science Applications International Corporation $SAIC

Wedge Capital Management L L P NC lifted its position in shares of Science Applications International Corporation (NASDAQ:SAIC) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,787 shares of the company’s stock after acquiring an additional 11,306 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.18% of Science Applications International worth $8,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. LSV Asset Management boosted its stake in shares of Science Applications International by 20.2% during the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock valued at $155,518,000 after purchasing an additional 263,006 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Science Applications International by 3.7% in the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock valued at $150,947,000 after buying an additional 53,895 shares during the period. AQR Capital Management LLC raised its holdings 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 valued at $143,578,000 after buying an additional 347,456 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Science Applications International by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,174,062 shares of the company’s stock valued at $116,660,000 after buying an additional 19,599 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Science Applications International by 3.1% during the 3rd quarter. Invesco Ltd. now owns 910,936 shares of the company’s stock worth $90,520,000 after buying an additional 27,548 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC stock opened at $97.26 on Friday. The stock has a 50-day moving average price of $95.60 and a 200-day moving average price of $97.29. Science Applications International Corporation has a 1-year low of $81.08 and a 1-year high of $124.11. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. The firm has a market cap of $4.22 billion, a PE ratio of 12.65 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $2.57 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Science Applications International Dividend Announcement

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

Analysts Set New Price Targets

SAIC has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a report on Monday, December 29th. Stifel Nicolaus dropped their price target on shares of 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. Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Citigroup boosted their price objective on shares of Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group decreased their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $113.89.

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.