Teacher Retirement System of Texas Trims Holdings in Science Applications International Co. (NYSE:SAIC)

Teacher Retirement System of Texas cut its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 26.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SAIC. Parallel Advisors LLC raised its stake 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 acquiring an additional 148 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Science Applications International during the fourth quarter worth approximately $48,000. Fifth Third Bancorp raised its stake 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 acquiring 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 approximately $58,000. Finally, UMB Bank n.a. raised its stake 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 acquiring an additional 383 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on SAIC shares. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Barclays decreased their price target 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 shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Truist Financial decreased their target price on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a research note on Tuesday, June 3rd. 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Science Applications International currently has an average rating of "Hold" and an average target price of $124.73.

Science Applications International Price Performance

Science Applications International stock remained flat at $116.33 during mid-day trading on Thursday. 543,999 shares of the company's stock were exchanged, compared to its average volume of 549,867. 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 stock's 50-day moving average price is $113.15 and its 200 day moving average price is $111.39. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 19.62 and a beta of 0.49. 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 issued its quarterly earnings data 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 business's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 EPS. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is currently 20.76%.

Insider Transactions 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 purchased at an average cost of $116.75 per share, with a total value 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 represents a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.44% of the company's stock.

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.