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 position in shares of Science Applications International Co. (NYSE:SAIC) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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’s holdings in Science Applications International were worth $28,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Science Applications International by 12,348.8% during the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock worth $11,422,000 after buying an additional 91,134 shares during the last quarter. UBS Group AG boosted its position in Science Applications International by 108.7% during the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock worth $5,702,000 after purchasing an additional 28,139 shares during the period. FMR LLC boosted its position 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 purchasing an additional 328,426 shares during the period. Invesco Ltd. boosted its position 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 purchasing an additional 64,406 shares during the period. Finally, Mackenzie Financial Corp bought a new position in Science Applications International during the fourth quarter worth $3,036,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Katharina G. Mcfarland sold 760 shares of the company’s 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 completion of the transaction, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Toni Townes-Whitley acquired 3,000 shares of the stock in a transaction dated Friday, April 12th. The stock was purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The disclosure for this purchase can be found here. Insiders own 1.29% of the company’s stock.

Science Applications International Stock Up 0.5 %

SAIC stock opened at $129.12 on Friday. The company has a market cap of $6.67 billion, a PE ratio of 14.59 and a beta of 0.70. The business has a 50-day simple moving average of $132.73 and a 200 day simple moving average of $125.33. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the firm earned $2.04 EPS. Sell-side analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm 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. This represents a $1.48 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s payout ratio is 16.72%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SAIC shares. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. Finally, Truist Financial reissued a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and an average target price of $127.60.

About Science Applications International

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.