Public Employees Retirement System of Ohio Acquires New Holdings in Science Applications International Corporation $SAIC

Public Employees Retirement System of Ohio bought a new stake in Science Applications International Corporation (NASDAQ:SAIC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,219 shares of the company's stock, valued at approximately $1,349,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new position in Science Applications International during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC boosted its position in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company's stock worth $26,000 after buying an additional 215 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock worth $30,000 after buying an additional 249 shares in the last quarter. Wexford Capital LP acquired a new stake in Science Applications International in the 3rd quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC acquired a new stake in Science Applications International in the 4th quarter valued at approximately $35,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on SAIC. Jefferies Financial Group upped their price target on Science Applications International from $130.00 to $140.00 and gave the stock a "hold" rating in a research report on Tuesday, September 1st. TD Cowen reiterated a "hold" rating on shares of Science Applications International in a report on Monday, August 31st. BNP Paribas Exane initiated coverage on shares of Science Applications International in a report on Wednesday, May 27th. They set a "neutral" rating and a $95.00 target price for the company. Wall Street Zen raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 30th. Finally, Truist Financial boosted their price target on shares of Science Applications International from $110.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $124.44.

Science Applications International Stock Performance

Shares of NASDAQ:SAIC opened at $126.75 on Tuesday. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $142.66. The company has a market capitalization of $5.31 billion, a P/E ratio of 14.82 and a beta of 0.30. The company has a 50-day simple moving average of $120.38 and a 200 day simple moving average of $106.24. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.70. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.Science Applications International's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share. Sell-side analysts forecast that Science Applications International Corporation will post 10.73 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. Science Applications International's payout ratio is presently 17.31%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company's core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC's work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.

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