Maverick Capital Ltd. Makes New $1.15 Million Investment in Science Applications International Corporation $SAIC

Maverick Capital Ltd. bought a new position in Science Applications International Corporation (NASDAQ:SAIC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,079 shares of the company’s stock, valued at approximately $1,147,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAIC. Allspring Global Investments Holdings LLC grew its position in shares of Science Applications International by 19.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock worth $21,870,000 after buying an additional 35,814 shares during the period. LBP AM SA lifted its position in Science Applications International by 39.1% during the 4th quarter. LBP AM SA now owns 80,767 shares of the company’s stock valued at $8,130,000 after acquiring an additional 22,692 shares during the period. Tudor Investment Corp ET AL boosted its stake in Science Applications International by 186.4% during the third quarter. Tudor Investment Corp ET AL now owns 88,426 shares of the company’s stock worth $8,787,000 after acquiring an additional 57,546 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Science Applications International by 57.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,395 shares of the company’s stock worth $5,514,000 after purchasing an additional 19,920 shares during the period. Finally, Ruffer LLP purchased a new stake in Science Applications International in the fourth quarter worth about $5,813,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SAIC shares. JPMorgan Chase & Co. lifted their target price on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. BNP Paribas Exane initiated coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. Truist Financial reissued a “hold” rating and issued a $110.00 target price (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price of $115.22.

Science Applications International Stock Performance

Shares of SAIC opened at $121.59 on Wednesday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 13.69 and a beta of 0.29. The business’s fifty day simple moving average is $110.34 and its two-hundred day simple moving average is $101.54. Science Applications International Corporation has a 12 month low of $81.08 and a 12 month high of $123.41. 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 announced its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Research analysts anticipate that Science Applications International Corporation will post 10.01 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

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

Science Applications International 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.