California Public Employees Retirement System Raises Stock Position in Science Applications International Co. (NYSE:SAIC)

California Public Employees Retirement System increased its stake in Science Applications International Co. (NYSE:SAIC) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 318,231 shares of the information technology services provider’s stock after purchasing an additional 228 shares during the quarter. California Public Employees Retirement System owned 0.61% of Science Applications International worth $39,562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in shares of Science Applications International by 12,348.8% during the 4th quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock worth $11,422,000 after acquiring an additional 91,134 shares during the last quarter. UBS Group AG boosted its stake in shares of Science Applications International by 108.7% during the 3rd quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock worth $5,702,000 after acquiring an additional 28,139 shares during the last quarter. FMR LLC boosted its stake in shares of Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after acquiring an additional 328,426 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Science Applications International by 11.7% during the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock worth $65,030,000 after acquiring an additional 64,406 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Science Applications International during the 4th quarter worth $3,036,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insiders Place Their Bets

In other Science Applications International news, CEO Toni Townes-Whitley acquired 3,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was acquired 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 approximately $5,894,298.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Science Applications International news, CEO Toni Townes-Whitley acquired 3,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was acquired 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 approximately $5,894,298.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The disclosure for this purchase can be found here. Corporate insiders own 1.29% of the company’s stock.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $129.47 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market cap of $6.64 billion, a P/E ratio of 16.36 and a beta of 0.70. The firm’s fifty day moving average is $132.61 and its two-hundred day moving average is $125.46. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (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 the consensus estimate of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.04 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.14%. Science Applications International’s payout ratio is currently 16.72%.

Analyst Ratings Changes

SAIC has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. Finally, Truist Financial restated a “hold” rating and set a $130.00 price objective 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $127.60.

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.