Louisiana State Employees Retirement System Takes $1.85 Million Position in Science Applications International Co. (NYSE:SAIC)

Louisiana State Employees Retirement System purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,900 shares of the information technology services provider's stock, valued at approximately $1,852,000.

A number of other large investors have also added to or reduced their stakes in SAIC. Contravisory Investment Management Inc. bought a new position in Science Applications International during the 4th quarter valued at $25,000. Quarry LP boosted its stake in Science Applications International by 100.0% during the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 109 shares during the last quarter. CVA Family Office LLC bought a new position in Science Applications International during the 4th quarter valued at $26,000. Gradient Investments LLC boosted its stake in Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Science Applications International during the 3rd quarter valued at $37,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAIC shares. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a research report on Thursday, February 29th. StockNews.com upgraded shares of Science Applications International from a "hold" rating to a "buy" rating in a research report on Wednesday. Truist Financial restated a "hold" rating and issued a $130.00 price target on shares of Science Applications International in a research report on Friday, April 12th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company raised their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $127.60.

Science Applications International Stock Performance

NYSE:SAIC traded up $1.76 during mid-day trading on Friday, hitting $124.94. The stock had a trading volume of 317,573 shares, compared to its average volume of 299,558. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 14.12 and a beta of 0.70. The company has a 50 day simple moving average of $133.09 and a 200-day simple moving average of $124.72. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.18%. Science Applications International's payout ratio is 16.72%.

Insider Buying and Selling at Science Applications International

In related news, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction on Friday, April 12th. The shares were purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction on Friday, April 12th. The shares were purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the firm's stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now directly owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by corporate 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.