Teacher Retirement System of Texas Sells 12,140 Shares of Science Applications International Co. (NYSE:SAIC)

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

Several other institutional investors also recently modified their holdings of SAIC. Parallel Advisors LLC grew its holdings in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 148 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Science Applications International in the 4th quarter valued at $48,000. Fifth Third Bancorp increased its stake in Science Applications International by 22.7% in the 1st 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 Science Applications International in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. raised its holdings in Science Applications International by 220.1% during the 1st 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 period. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Down 0.7%

Shares of NYSE SAIC traded down $0.83 during trading hours on Wednesday, hitting $116.33. The stock had a trading volume of 480,592 shares, compared to its average volume of 548,982. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $5.45 billion, a P/E ratio of 19.62 and a beta of 0.49. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The firm's 50-day moving average price is $113.31 and its two-hundred day moving average price is $111.32.

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 (EPS) 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 quarter last year, the business posted $1.92 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. Analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

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

Insider Activity at Science Applications International

In other news, Director Garth Graham bought 215 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the purchase, the director 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAIC. Stifel Nicolaus initiated coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price on the stock. Barclays cut their target price on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. 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. Truist Financial dropped their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group increased their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.