New York State Common Retirement Fund Has $5.79 Million Holdings in Science Applications International Co. (NYSE:SAIC)

New York State Common Retirement Fund reduced its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,806 shares of the information technology services provider's stock after selling 2,700 shares during the period. New York State Common Retirement Fund owned about 0.11% of Science Applications International worth $5,791,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in Science Applications International during the 4th quarter worth $28,000. Quarry LP acquired a new stake in Science Applications International in the third quarter worth $71,000. Covestor Ltd lifted its position in Science Applications International by 45.1% in the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider's stock valued at $189,000 after purchasing an additional 421 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Science Applications International during the third quarter valued at approximately $200,000. Finally, Fonville Wealth Management LLC acquired a new position in shares of Science Applications International during the third quarter worth approximately $203,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SAIC. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Science Applications International from $149.00 to $139.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group lowered their price target on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $136.11.

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Science Applications International Trading Down 3.1 %

SAIC traded down $3.02 during trading on Monday, reaching $95.77. The company had a trading volume of 657,957 shares, compared to its average volume of 632,339. The firm's 50-day simple moving average is $108.91 and its 200 day simple moving average is $124.70. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 16.13 and a beta of 0.66. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, January 10th. Science Applications International's payout ratio is 24.96%.

Insider Activity at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction 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 transaction, the director now directly owns 6,864 shares in the company, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Barbara Supplee acquired 425 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares of the company's stock, valued at $416,452.44. This represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

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.