California State Teachers Retirement System Decreases Stock Holdings in Science Applications International Co. (NYSE:SAIC)

California State Teachers Retirement System decreased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,327 shares of the information technology services provider's stock after selling 2,537 shares during the quarter. California State Teachers Retirement System owned 0.09% of Science Applications International worth $5,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new stake in Science Applications International in the 4th quarter worth approximately $28,000. True Wealth Design LLC bought a new stake in Science Applications International in the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda bought a new stake in Science Applications International in the 4th quarter worth approximately $58,000. Jones Financial Companies Lllp increased its stake in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after acquiring an additional 156 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 167 shares during the period. Institutional investors own 76.00% of the company's stock.

Science Applications International Trading Up 2.8%

Science Applications International stock traded up $2.87 during mid-day trading on Friday, hitting $105.32. The company's stock had a trading volume of 728,278 shares, compared to its average volume of 533,079. The company has a 50 day moving average of $116.34 and a 200-day moving average of $112.87. The stock has a market cap of $5.03 billion, a PE ratio of 17.76 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced 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 net margin of 4.11% and a return on equity of 24.18%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. On average, research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company lifted their target price on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group dropped their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday. Jefferies Financial Group lifted their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, Truist Financial dropped their target price on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus price target of $128.70.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon bought 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, for a total transaction of $25,283.90. Following the acquisition, the director now owns 4,032 shares of the company's stock, valued at $443,237.76. This represents a 6.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction on Friday, March 28th. The stock was purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This trade represents a 4.63% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock valued at $365,037 in the last quarter. 0.44% of the stock is owned by insiders.

About Science Applications International

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.