Public Employees Retirement System of Ohio Takes Position in Science Applications International Co. (NYSE:SAIC)

Public Employees Retirement System of Ohio purchased a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,095 shares of the information technology services provider's stock, valued at approximately $2,023,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after purchasing an additional 874 shares during the last quarter. Truist Financial Corp raised its stake in shares of Science Applications International by 6.4% during the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after acquiring an additional 233 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Science Applications International during the fourth quarter valued at $1,414,000. Savant Capital LLC raised its stake in shares of Science Applications International by 308.0% during the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider's stock valued at $1,057,000 after acquiring an additional 7,139 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock valued at $36,529,000 after acquiring an additional 76,204 shares during the last quarter. Institutional investors own 76.00% of the company's stock.

Insiders Place Their Bets

In related news, Director Garth Graham acquired 215 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the acquisition, the director now directly owns 7,159 shares in the company, valued at $835,813.25. This represents a 3.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 3,260 shares of company stock valued at $365,037 in the last three months. Corporate insiders own 0.44% of the company's stock.

Science Applications International Stock Up 0.2%

Science Applications International stock traded up $0.18 during mid-day trading on Thursday, hitting $102.45. The company had a trading volume of 695,328 shares, compared to its average volume of 531,678. The company has a market capitalization of $4.89 billion, a PE ratio of 17.28 and a beta of 0.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The stock's 50 day moving average price is $116.70 and its two-hundred day moving average price is $113.09.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) 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%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 EPS. As a group, sell-side analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several analyst reports. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial dropped their price target on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday. Wells Fargo & Company raised their price target on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group lowered their target price 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. Finally, Jefferies Financial Group lifted their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $128.70.

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.