Science Applications International Co. (NYSE:SAIC) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 75.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,795 shares of the information technology services provider's stock after buying an additional 19,668 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Science Applications International worth $5,119,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International in the 4th quarter worth approximately $28,000. Quarry LP bought a new position in shares of Science Applications International during the third quarter worth $71,000. Jones Financial Companies Lllp grew its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after acquiring an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock worth $75,000 after purchasing an additional 167 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Science Applications International during the 3rd quarter valued at about $200,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SAIC shares. Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial dropped their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. One investment 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $134.00.

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Insider Buying and Selling

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by insiders.

Science Applications International Trading Up 1.6 %

Shares of NYSE SAIC traded up $1.76 during mid-day trading on Thursday, reaching $111.36. The company had a trading volume of 581,064 shares, compared to its average volume of 438,908. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The business's 50-day moving average is $106.53 and its 200-day moving average is $121.97. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 18.78 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Equities analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Science Applications International Company 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.