New York State Teachers Retirement System Reduces Holdings in Science Applications International Co. (NYSE:SAIC)

New York State Teachers Retirement System cut its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,625 shares of the information technology services provider's stock after selling 10,302 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Science Applications International worth $8,304,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock worth $29,000 after buying an additional 171 shares during the last quarter. Larson Financial Group LLC acquired a new position in Science Applications International during the second quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 147 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Trading Up 1.0 %

Shares of SAIC traded up $1.47 during mid-day trading on Monday, hitting $146.14. The company had a trading volume of 184,103 shares, compared to its average volume of 294,264. Science Applications International Co. has a 1-year low of $109.46 and a 1-year high of $148.65. The business's 50-day simple moving average is $139.12 and its 200-day simple moving average is $129.47. The stock has a market cap of $7.24 billion, a PE ratio of 26.35 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 EPS. Sell-side analysts forecast that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, October 11th. Science Applications International's payout ratio is currently 26.62%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial raised their price target on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, September 6th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $122.00 to $157.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. TD Cowen raised their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Citigroup lifted their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised shares of Science Applications International from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and an average target price of $150.43.

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.