Teachers Retirement System of The State of Kentucky Has $2.43 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Teachers Retirement System of The State of Kentucky lessened its stake in Science Applications International Co. (NYSE:SAIC) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,448 shares of the information technology services provider’s stock after selling 450 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Science Applications International were worth $2,430,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SAIC. Fifth Third Bancorp increased its stake in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the last quarter. Cetera Investment Advisers increased its stake in Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after purchasing an additional 87 shares in the last quarter. Bank of Montreal Can raised its holdings in Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the period. CWM LLC boosted its position in shares of Science Applications International by 56.8% during the second 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. Finally, Arizona State Retirement System grew its holdings in shares of Science Applications International by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider’s stock valued at $1,700,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

NYSE SAIC opened at $113.06 on Monday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 19.07 and a beta of 0.64. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm’s fifty day moving average price is $135.27 and its two-hundred day moving average price is $128.62. Science Applications International Co. has a 1 year low of $111.34 and a 1 year high of $156.34.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.31%. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

Insider Buying and Selling

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SAIC has been the topic of several recent analyst reports. Citigroup lifted their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial upped their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Finally, TD Cowen increased their target price on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.38.

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.