New York State Common Retirement Fund Has $28.84 Million Stake in Science Applications International Co. (NYSE:SAIC)

New York State Common Retirement Fund trimmed its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,946 shares of the information technology services provider's stock after selling 9,573 shares during the period. New York State Common Retirement Fund owned about 0.45% of Science Applications International worth $28,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Science Applications International by 12,348.8% in the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider's stock valued at $11,422,000 after purchasing an additional 91,134 shares in the last quarter. UBS Group AG lifted its holdings in shares of Science Applications International by 108.7% in the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider's stock valued at $5,702,000 after purchasing an additional 28,139 shares in the last quarter. FMR LLC raised its holdings in Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock worth $297,969,000 after acquiring an additional 328,426 shares in the last quarter. Invesco Ltd. raised its holdings in Science Applications International by 11.7% during the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider's stock worth $65,030,000 after acquiring an additional 64,406 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Science Applications International during the fourth quarter worth about $3,036,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SAIC. The Goldman Sachs Group dropped their target price on Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a report on Thursday, February 29th. Truist Financial reiterated a "hold" rating and set a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a report on Tuesday, March 19th. StockNews.com upgraded Science Applications International from a "hold" rating to a "buy" rating in a report on Wednesday, April 17th. Finally, Wells Fargo & Company upped their target price on Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and an average price target of $127.60.

Insider Activity

In other news, EVP Vincent P. Difronzo bought 795 shares of the firm's stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now owns 8,772 shares of the company's stock, valued at $1,105,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares of the company's stock, valued at approximately $1,105,622.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, 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 company insiders.

Science Applications International Stock Performance

NYSE:SAIC traded up $0.35 on Friday, hitting $129.47. The company's stock had a trading volume of 230,722 shares, compared to its average volume of 295,815. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average of $132.61 and a two-hundred day moving average of $125.46. The firm has a market capitalization of $6.69 billion, a P/E ratio of 14.63 and a beta of 0.70. Science Applications International Co. has a one year low of $95.43 and a one year high of $145.17.

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

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, April 11th. Science Applications International's payout ratio is 16.72%.

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.