California State Teachers Retirement System Lowers Position in Science Applications International Co. (NYSE:SAIC)

California State Teachers Retirement System trimmed its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,327 shares of the information technology services provider's stock after selling 2,537 shares during the period. California State Teachers Retirement System owned approximately 0.09% of Science Applications International worth $5,178,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SAIC. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International during the fourth quarter valued at $28,000. True Wealth Design LLC bought a new stake in shares of Science Applications International in the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International in the 4th quarter worth $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 purchasing an additional 156 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Science Applications International by 33.1% during 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 in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. UBS Group cut 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 report on Tuesday. Jefferies Financial Group lifted their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Truist Financial lowered their price objective on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a research note on Tuesday. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $128.70.

Science Applications International Stock Performance

Shares of NYSE SAIC traded up $0.14 during midday trading on Thursday, reaching $102.41. The company's stock had a trading volume of 411,393 shares, compared to its average volume of 530,150. The stock has a market capitalization of $4.89 billion, a P/E ratio of 17.24 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50 day moving average price of $116.70 and a 200-day moving average price of $113.09. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its 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 net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, equities analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Insider Buying and Selling

In related news, Director Garth Graham acquired 215 shares of the stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now owns 7,159 shares in the company, valued at $835,813.25. This represents a 3.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 3,260 shares of company stock valued at $365,037. Company insiders own 0.44% of the company's stock.

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.