Teachers Retirement System of The State of Kentucky Sells 10,440 Shares of Science Applications International Co. (NYSE:SAIC)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Science Applications International Co. (NYSE:SAICGet Rating) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,234 shares of the information technology services provider’s stock after selling 10,440 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Science Applications International worth $3,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Science Applications International in the 1st quarter valued at about $79,000. Prospera Financial Services Inc acquired a new stake in shares of Science Applications International in the 1st quarter valued at about $92,000. Covestor Ltd raised its stake in shares of Science Applications International by 90.6% in the 1st quarter. Covestor Ltd now owns 1,590 shares of the information technology services provider’s stock valued at $147,000 after purchasing an additional 756 shares during the period. Purus Wealth Management LLC acquired a new stake in shares of Science Applications International in the 1st quarter valued at about $206,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Science Applications International in the 1st quarter valued at about $219,000. 75.26% of the stock is currently owned by institutional investors.

Science Applications International Stock Performance

NYSE SAIC opened at $93.15 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 20.38 and a beta of 0.70. The stock has a fifty day simple moving average of $93.54 and a 200 day simple moving average of $90.21. Science Applications International Co. has a twelve month low of $78.10 and a twelve month high of $97.82.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings data on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.07. Science Applications International had a net margin of 3.46% and a return on equity of 24.18%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. The business’s revenue was down .3% on a year-over-year basis. Sell-side analysts expect that Science Applications International Co. will post 7.11 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. Science Applications International’s payout ratio is currently 32.39%.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 2,600 shares of Science Applications International stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $93.30, for a total value of $242,580.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $728,952.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAIC. Barclays lifted their price target on Science Applications International from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 7th. Cowen lifted their target price on Science Applications International from $111.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, June 7th. Finally, Cowen lifted their target price on Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.86.

Science Applications International Profile

(Get Rating)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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