Science Applications International Co. (NYSE:SAIC) Stake Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 26.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,655 shares of the information technology services provider's stock after selling 12,140 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Science Applications International worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC bought a new position in Science Applications International during the 1st quarter worth $235,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Science Applications International by 9.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock worth $355,000 after buying an additional 271 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Science Applications International by 387.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider's stock worth $14,362,000 after buying an additional 100,760 shares during the last quarter. Econ Financial Services Corp bought a new position in Science Applications International during the 1st quarter worth $520,000. Finally, Blue Trust Inc. grew its stake in Science Applications International by 78.0% during the 1st quarter. Blue Trust Inc. now owns 2,472 shares of the information technology services provider's stock worth $278,000 after buying an additional 1,083 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

Shares of Science Applications International stock traded down $3.12 during trading on Friday, hitting $113.21. The stock had a trading volume of 771,376 shares, compared to its average volume of 550,749. 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 market cap of $5.31 billion, a P/E ratio of 19.09 and a beta of 0.49. The business has a fifty day moving average of $113.15 and a two-hundred day moving average of $111.39. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week 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 earnings per share 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%. During the same period last year, the business posted $1.92 earnings per share. Science Applications International's quarterly revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a $0.37 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. Science Applications International's dividend payout ratio (DPR) is 20.76%.

Insider Buying and Selling at Science Applications International

In related news, Director Garth Graham purchased 215 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director directly owned 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of recent research reports. Barclays lowered their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Jefferies Financial Group increased their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus initiated coverage on Science Applications International in a research note on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Truist Financial decreased their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $124.73.

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.