New York State Common Retirement Fund Buys 461 Shares of Science Applications International Co. (NYSE:SAIC)

New York State Common Retirement Fund grew its stake in shares of Science Applications International Co. (NYSE:SAIC) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,267 shares of the information technology services provider’s stock after acquiring an additional 461 shares during the period. New York State Common Retirement Fund owned about 0.11% of Science Applications International worth $5,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIC. Parallel Advisors LLC increased its holdings in 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 worth $31,000 after purchasing an additional 148 shares during the period. True Wealth Design LLC purchased a new position in shares of Science Applications International during the fourth quarter valued at $48,000. Fifth Third Bancorp raised 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 valued at $53,000 after acquiring an additional 88 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Science Applications International in the fourth quarter worth about $58,000. Finally, UMB Bank n.a. grew its holdings in Science Applications International by 220.1% during the 1st quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock worth $63,000 after acquiring an additional 383 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.1%

Shares of SAIC stock opened at $113.42 on Monday. The stock’s fifty day moving average price is $112.29 and its 200 day moving average price is $111.45. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 19.13 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. On average, research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company 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 annualized dividend and a yield of 1.30%. Science Applications International’s payout ratio is presently 20.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. UBS Group reduced their price objective on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd. Jefferies Financial Group increased their target price on Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. Barclays cut their price target on 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. Finally, JPMorgan Chase & Co. decreased their price objective on Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average price target of $124.73.

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.