Cresset Asset Management LLC Buys Shares of 1,987 Science Applications International Co. $SAIC

Cresset Asset Management LLC purchased a new stake in Science Applications International Co. (NYSE:SAIC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,987 shares of the information technology services provider’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. increased its holdings 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 buying an additional 485,496 shares during the period. AQR Capital Management LLC increased its holdings in shares of Science Applications International by 68.4% in the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider’s stock valued at $49,413,000 after acquiring an additional 179,963 shares during the period. Nuveen LLC purchased a new position in shares of Science Applications International in the 1st quarter valued at $13,147,000. Allspring Global Investments Holdings LLC raised its position in shares of Science Applications International by 387.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider’s stock worth $14,362,000 after acquiring an additional 100,760 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of Science Applications International by 288.2% during the 4th quarter. Squarepoint Ops LLC now owns 119,163 shares of the information technology services provider’s stock worth $13,320,000 after purchasing an additional 88,464 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SAIC shares. Truist Financial boosted their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Barclays decreased their target price on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, June 9th. Stifel Nicolaus assumed coverage on shares of Science Applications International in a report on Tuesday, June 24th. They issued a “buy” rating and a $130.00 price target on the stock. Jefferies Financial Group raised their price objective on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, May 15th. Finally, UBS Group dropped their target price on Science Applications International from $121.00 to $111.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $125.64.

Science Applications International Stock Performance

Shares of SAIC opened at $119.58 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a 50-day moving average of $114.06 and a two-hundred day moving average of $112.12. The stock has a market cap of $5.61 billion, a P/E ratio of 20.17 and a beta of 0.49. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same period last year, the business earned $1.92 earnings per share. Science Applications International’s quarterly revenue was up 1.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.100-9.300 EPS. As a group, research analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, July 11th. Science Applications International’s payout ratio is presently 20.76%.

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.