New York State Teachers Retirement System Raises Stock Position in Science Applications International Co. (NYSE:SAIC)

New York State Teachers Retirement System boosted its holdings in Science Applications International Co. (NYSE:SAICGet Rating) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,149 shares of the information technology services provider’s stock after purchasing an additional 200 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Science Applications International worth $7,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAIC. Cambridge Investment Research Advisors Inc. purchased a new stake in Science Applications International in the 1st quarter valued at $978,000. Natixis Advisors L.P. increased its stake in Science Applications International by 14.0% in the 1st quarter. Natixis Advisors L.P. now owns 11,670 shares of the information technology services provider’s stock valued at $1,076,000 after buying an additional 1,432 shares during the period. Bank of Montreal Can increased its stake in Science Applications International by 19.5% in the 1st quarter. Bank of Montreal Can now owns 11,432 shares of the information technology services provider’s stock valued at $1,073,000 after buying an additional 1,862 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Science Applications International in the 1st quarter valued at $578,000. Finally, MetLife Investment Management LLC increased its stake in Science Applications International by 32.0% in the 1st quarter. MetLife Investment Management LLC now owns 36,823 shares of the information technology services provider’s stock valued at $3,394,000 after buying an additional 8,926 shares during the period. Hedge funds and other institutional investors own 76.40% of the company’s stock.

Science Applications International Stock Performance

NYSE:SAIC opened at $105.97 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $109.48 and a two-hundred day moving average price of $99.75. Science Applications International Co. has a twelve month low of $78.10 and a twelve month high of $117.94. The company has a market capitalization of $5.79 billion, a P/E ratio of 22.08 and a beta of 0.73.

Science Applications International (NYSE:SAICGet Rating) last issued its quarterly earnings results on Monday, December 5th. The information technology services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Science Applications International had a net margin of 3.58% and a return on equity of 23.84%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. As a group, research analysts expect that Science Applications International Co. will post 7.16 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Science Applications International’s dividend payout ratio is presently 30.83%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAIC shares. Stifel Nicolaus boosted their price objective on shares of Science Applications International from $99.00 to $110.00 in a research note on Monday, December 5th. Morgan Stanley cut shares of Science Applications International from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $108.00 to $114.00 in a research note on Tuesday, January 3rd. Truist Financial upped their price target on shares of Science Applications International from $105.00 to $120.00 in a research note on Tuesday, December 6th. Wells Fargo & Company increased their price target on shares of Science Applications International from $99.00 to $121.00 in a report on Tuesday, December 6th. Finally, StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $114.50.

Science Applications International Profile

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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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