Boston Partners Sells 528,545 Shares of Science Applications International Co. $SAIC

Boston Partners reduced its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,548,984 shares of the information technology services provider’s stock after selling 528,545 shares during the quarter. Boston Partners owned 3.30% of Science Applications International worth $174,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Science Applications International by 14.3% in the 1st 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 purchasing an additional 313,539 shares in the last quarter. LSV Asset Management lifted its stake in Science Applications International by 143.2% in the 2nd quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock valued at $146,621,000 after purchasing an additional 766,734 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Science Applications International by 2.7% in 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 buying an additional 30,343 shares in the last quarter. AQR Capital Management LLC boosted its position in Science Applications International by 115.8% in 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 buying an additional 513,192 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of 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 worth $98,191,000 after buying an additional 485,496 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC stock opened at $85.69 on Thursday. Science Applications International Co. has a 1-year low of $84.15 and a 1-year high of $133.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average price of $94.77 and a 200-day moving average price of $106.48. The firm has a market cap of $3.94 billion, a PE ratio of 14.45 and a beta of 0.43.

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 for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of research reports. Jefferies Financial Group dropped their price target 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $115.00 target price (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. UBS Group reduced their price target on Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. The Goldman Sachs Group lowered their price objective on 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. Finally, Stifel Nicolaus cut their target price on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $115.10.

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.