Teacher Retirement System of Texas Has $3.78 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

Teacher Retirement System of Texas decreased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 0.07% of Science Applications International worth $3,778,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Aaron Wealth Advisors LLC acquired a new stake in shares of Science Applications International during the 1st quarter worth approximately $235,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of 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 purchasing an additional 271 shares during the period. Allspring Global Investments Holdings LLC increased its position in Science Applications International by 387.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 126,746 shares of the information technology services provider's stock valued at $14,362,000 after acquiring an additional 100,760 shares during the period. Econ Financial Services Corp acquired a new stake in Science Applications International in the 1st quarter valued at approximately $520,000. Finally, Blue Trust Inc. increased its position in Science Applications International by 78.0% in the 1st quarter. Blue Trust Inc. now owns 2,472 shares of the information technology services provider's stock valued at $278,000 after acquiring an additional 1,083 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Ratings Changes

SAIC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of 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. Wells Fargo & Company raised their target price on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Jefferies Financial Group raised their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. UBS Group decreased their target price on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Finally, Barclays decreased their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, six have assigned 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.com, the stock presently has an average rating of "Hold" and an average price target of $124.73.

Science Applications International Stock Performance

SAIC traded up $1.19 on Thursday, hitting $117.52. 264,617 shares of the stock traded hands, compared to its average volume of 547,927. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.51 billion, a PE ratio of 19.86 and a beta of 0.49. The business has a fifty day moving average price of $113.21 and a two-hundred day moving average price of $111.36.

Science Applications International (NYSE:SAIC - Get Free Report) last released 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 in the prior year, the business earned $1.92 earnings per share. The business's quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Science Applications International Co. will post 8.27 EPS 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. Stockholders of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is currently 20.76%.

Insider Activity at Science Applications International

In other Science Applications International news, Director Garth Graham bought 215 shares of Science Applications International stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, with a total value of $25,101.25. Following the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is owned by insiders.

Science Applications International 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.