Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in Science Applications International Co. (NYSE:SAIC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Science Applications International Co. (NYSE:SAIC) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,937 shares of the information technology services provider’s stock after selling 356 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Science Applications International were worth $1,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. Empowered Funds LLC grew its position in Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after acquiring an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International during the 4th quarter valued at $312,000. Pure Financial Advisors LLC increased its stake in Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after buying an additional 2,946 shares during the period. XTX Topco Ltd lifted its holdings in Science Applications International by 219.5% in the 3rd quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock worth $1,482,000 after buying an additional 7,310 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Performance

SAIC stock opened at $108.47 on Wednesday. The company has a 50-day simple moving average of $106.66 and a 200 day simple moving average of $122.06. The company has a market capitalization of $5.18 billion, a P/E ratio of 18.29 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. 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) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

Analyst Ratings Changes

Several research firms recently commented on SAIC. JPMorgan Chase & Co. cut their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Truist Financial decreased their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.00.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% 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.