New York State Common Retirement Fund Sells 21,950 Shares of Science Applications International Co. $SAIC

New York State Common Retirement Fund cut its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 42.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,317 shares of the information technology services provider’s stock after selling 21,950 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Science Applications International worth $3,013,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. LSV Asset Management raised its stake in shares of Science Applications International by 143.2% in the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock worth $146,621,000 after purchasing an additional 766,734 shares during the last quarter. Norges Bank bought a new stake in Science Applications International during the second quarter worth $81,148,000. Arrowstreet Capital Limited Partnership grew its holdings in Science Applications International by 78.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock worth $101,608,000 after buying an additional 396,037 shares in the last quarter. AQR Capital Management LLC raised its position in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock valued at $143,578,000 after buying an additional 347,456 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Science Applications International during the 2nd quarter valued at $31,271,000. Institutional investors own 76.00% of the company’s stock.

Insiders Place Their Bets

In other news, CEO James Reagan acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the purchase, the chief executive officer owned 26,460 shares of the company’s stock, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAIC. UBS Group upped their target price on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. upped their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Citigroup increased their price objective on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.44.

Science Applications International Stock Up 1.4%

Science Applications International stock opened at $98.36 on Friday. The firm has a 50 day moving average price of $102.99 and a 200-day moving average price of $102.85. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a twelve month low of $84.15 and a twelve month high of $124.11. The company has a market capitalization of $4.44 billion, a P/E ratio of 16.59 and a beta of 0.28.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $2.61 EPS. Science Applications International’s revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, January 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio is presently 18.93%.

Science Applications International Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.