Science Applications International Co. (NYSE:SAIC) Stock Holdings Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in Science Applications International Co. (NYSE:SAIC) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,937 shares of the information technology services provider’s stock after selling 3,488 shares during the period. New York State Teachers Retirement System owned about 0.11% of Science Applications International worth $6,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SAIC. Fifth Third Bancorp increased its holdings in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 88 shares during the period. Xponance Inc. grew its stake in Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after acquiring an additional 99 shares during the last quarter. Mariner LLC boosted its holdings in Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock worth $433,000 after purchasing an additional 106 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock worth $786,000 after purchasing an additional 142 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Buying and Selling

In other Science Applications International news, Director Carolyn B. Handlon purchased 230 shares of the stock in a transaction on Monday, April 7th. The stock was acquired at an average cost of $109.93 per share, with a total value of $25,283.90. Following the completion of the purchase, the director directly owned 4,032 shares of the company’s stock, valued at approximately $443,237.76. This trade represents a 6.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Garth Graham purchased 215 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average cost of $116.75 per share, with a total value of $25,101.25. Following the completion of the purchase, the director owned 7,159 shares of the company’s stock, valued at $835,813.25. This represents a 3.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group increased their price target 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. Truist Financial dropped their target price on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, June 3rd. Barclays decreased their target price on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus began coverage on shares of Science Applications International in a research note on Tuesday, June 24th. They set a “buy” rating and a $130.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $124.73.

Science Applications International Price Performance

SAIC opened at $118.50 on Friday. The firm has a market capitalization of $5.55 billion, a P/E ratio of 19.98 and a beta of 0.49. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $113.46 and a 200-day moving average of $111.23.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. Equities analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.25%. Science Applications International’s dividend payout ratio (DPR) is currently 20.76%.

Science Applications International Company 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.