Louisiana State Employees Retirement System Invests $1.85 Million in Science Applications International Co. (NYSE:SAIC)

Louisiana State Employees Retirement System bought a new position in Science Applications International Co. (NYSE:SAIC) during the fourth quarter, HoldingsChannel.com reports. The fund bought 14,900 shares of the information technology services provider’s stock, valued at approximately $1,852,000.

A number of other institutional investors have also recently modified their holdings of SAIC. Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International in the fourth quarter worth $25,000. Quarry LP grew its stake in shares of Science Applications International by 100.0% in the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 109 shares during the last quarter. CVA Family Office LLC purchased a new stake in shares of Science Applications International in the fourth quarter worth $26,000. Gradient Investments LLC grew its stake in shares of Science Applications International by 1,104.8% in the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 232 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Science Applications International in the third quarter worth $37,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on SAIC shares. Truist Financial reaffirmed a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research report on Friday, April 12th. Wells Fargo & Company increased their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group dropped their price objective on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $127.60.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Insiders own 1.29% of the company’s stock.

Science Applications International Trading Down 1.2 %

Shares of NYSE:SAIC opened at $123.18 on Friday. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 15.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The stock’s 50-day simple moving average is $133.22 and its two-hundred day simple moving average is $124.60. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 earnings per share. Analysts expect that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.37 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.20%. Science Applications International’s payout ratio is 16.72%.

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.