Science Applications International Co. (NYSE:SAIC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,937 shares of the information technology services provider's stock after selling 3,488 shares during the period. New York State Teachers Retirement System owned about 0.11% of Science Applications International worth $6,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth about $48,000. Fifth Third Bancorp increased its position in shares of Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Science Applications International during the fourth quarter worth about $58,000. Finally, UMB Bank n.a. grew its holdings in shares of Science Applications International by 220.1% during the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider's stock worth $63,000 after buying an additional 383 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SAIC shares. JPMorgan Chase & Co. lowered their price target 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 lowered their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Stifel Nicolaus started coverage on Science Applications International in a report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target on the stock. Truist Financial lowered their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company raised their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Science Applications International has a consensus rating of "Hold" and a consensus target price of $124.73.

Science Applications International Stock Performance

SAIC traded down $0.83 during trading on Wednesday, reaching $116.33. The company's stock had a trading volume of 480,592 shares, compared to its average volume of 548,982. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company's fifty day moving average price is $113.21 and its 200-day moving average price is $111.36. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 19.62 and a beta of 0.49. 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 (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data 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%. The company's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. On average, equities analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is 20.76%.

Insider Activity at Science Applications International

In other news, Director Garth Graham purchased 215 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the purchase, the director directly owned 7,159 shares of the company's stock, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by company 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.