Science Applications International Co. $SAIC Shares Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd boosted its holdings in Science Applications International Co. (NYSE:SAIC) by 336.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,632 shares of the information technology services provider’s stock after buying an additional 1,258 shares during the quarter. Bayforest Capital Ltd’s holdings in Science Applications International were worth $184,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Science Applications International by 96.8% in the 1st quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider’s stock worth $69,000 after purchasing an additional 302 shares during the period. SG Americas Securities LLC raised its stake in Science Applications International by 19.4% during the 1st quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider’s stock valued at $506,000 after purchasing an additional 732 shares during the period. Fifth Third Bancorp raised its stake in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. raised its stake in Science Applications International by 78.0% during the 1st quarter. Blue Trust Inc. now owns 2,472 shares of the information technology services provider’s stock valued at $278,000 after purchasing an additional 1,083 shares during the period. Finally, Econ Financial Services Corp acquired a new stake in Science Applications International during the 1st quarter valued at $520,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Down 1.0%

Shares of NYSE:SAIC opened at $96.88 on Friday. The firm has a fifty day moving average of $107.42 and a two-hundred day moving average of $111.74. The firm has a market capitalization of $4.46 billion, a P/E ratio of 16.34 and a beta of 0.44. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. 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 brokerages recently issued reports on SAIC. Stifel Nicolaus reduced their price objective on Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, September 5th. Jefferies Financial Group reduced their price objective on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, September 10th. UBS Group reduced their price objective on Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Truist Financial increased their price objective on Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group decreased their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $115.10.

Science Applications International 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.