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% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,946 shares of the information technology services provider’s stock after selling 9,573 shares during the quarter. New York State Common Retirement Fund owned approximately 0.45% of Science Applications International worth $28,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SAIC. Contravisory Investment Management Inc. acquired a new stake in shares of Science Applications International during the 4th quarter valued at about $25,000. CVA Family Office LLC acquired a new stake in shares of Science Applications International during the 4th quarter valued at about $26,000. Gradient Investments LLC lifted its holdings in shares of Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 232 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Science Applications International by 92.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 208 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Science Applications International during the 3rd quarter valued at about $71,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $129.12 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $132.73 and its two-hundred day moving average is $125.33. The company has a market cap of $6.67 billion, a P/E ratio of 14.59 and a beta of 0.70. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, equities analysts expect that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio is presently 16.72%.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on 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. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Truist Financial reissued a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a research note on Friday, April 12th. Wells Fargo & Company raised their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. cut their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $127.60.

Insider Activity

In other news, CEO Toni Townes-Whitley acquired 3,000 shares of the stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now owns 46,795 shares in the company, valued at approximately $5,894,298.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Vincent P. Difronzo purchased 795 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Toni Townes-Whitley purchased 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by company insiders.

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.