Polaris Capital Management LLC Sells 8,500 Shares of Science Applications International Co. $SAIC

Polaris Capital Management LLC decreased its position in shares of Science Applications International Co. (NYSE:SAIC) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 237,500 shares of the information technology services provider’s stock after selling 8,500 shares during the period. Polaris Capital Management LLC owned approximately 0.51% of Science Applications International worth $26,745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its position in Science Applications International by 14.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider’s stock valued at $280,685,000 after acquiring an additional 313,539 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Science Applications International by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,141,923 shares of the information technology services provider’s stock valued at $128,202,000 after acquiring an additional 30,343 shares during the last quarter. AQR Capital Management LLC increased its position in Science Applications International by 115.8% during the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after acquiring an additional 513,192 shares during the last quarter. Invesco Ltd. increased its position in Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after acquiring an additional 485,496 shares during the last quarter. Finally, LSV Asset Management increased its position in Science Applications International by 8.3% during the first quarter. LSV Asset Management now owns 535,295 shares of the information technology services provider’s stock valued at $60,098,000 after acquiring an additional 41,139 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 1.0%

Shares of Science Applications International stock opened at $101.67 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The firm’s 50-day moving average is $110.07 and its two-hundred day moving average is $112.43. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 17.15 and a beta of 0.49.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business earned $2.05 EPS. The firm’s quarterly revenue 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. As a group, research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, October 10th. Science Applications International’s dividend payout ratio is presently 17.92%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. Jefferies Financial Group cut their price target on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, September 10th. UBS Group cut their price target on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Barclays cut their price target on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $115.00 price target (down from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $120.64.

About Science Applications International

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.