Science Applications International Co. (NYSE:SAIC) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its position in Science Applications International Co. (NYSE:SAIC) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,196 shares of the information technology services provider’s stock after acquiring an additional 700 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.12% of Science Applications International worth $6,454,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SAIC. FIL Ltd boosted its stake in Science Applications International by 60.4% in the 4th quarter. FIL Ltd now owns 457 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 172 shares during the period. Parsons Capital Management Inc. RI raised its stake in Science Applications International by 1.0% during the 4th quarter. Parsons Capital Management Inc. RI now owns 18,595 shares of the information technology services provider’s stock valued at $1,760,000 after purchasing an additional 182 shares during the period. Crossmark Global Holdings Inc. raised its stake in Science Applications International by 4.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,544 shares of the information technology services provider’s stock valued at $430,000 after purchasing an additional 210 shares during the period. Sawtooth Solutions LLC raised its stake in Science Applications International by 8.4% during the 4th quarter. Sawtooth Solutions LLC now owns 2,888 shares of the information technology services provider’s stock valued at $273,000 after purchasing an additional 224 shares during the period. Finally, Creative Planning raised its stake in Science Applications International by 1.2% during the 4th quarter. Creative Planning now owns 19,870 shares of the information technology services provider’s stock valued at $1,880,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 76.97% of the company’s stock.

NYSE SAIC opened at $84.41 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $4.90 billion, a PE ratio of 23.98 and a beta of 1.01. The company has a 50 day moving average price of $89.68 and a two-hundred day moving average price of $89.95. Science Applications International Co. has a 12-month low of $68.76 and a 12-month high of $103.95.

Science Applications International (NYSE:SAIC) last posted its earnings results on Wednesday, March 24th. The information technology services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.22. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Science Applications International had a net margin of 2.99% and a return on equity of 25.09%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. As a group, equities analysts anticipate that Science Applications International Co. will post 6.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Friday, April 16th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, April 15th. Science Applications International’s dividend payout ratio (DPR) is presently 26.15%.

In other Science Applications International news, CFO Prabu Natarajan bought 3,000 shares of Science Applications International stock in a transaction on Monday, April 5th. The stock was purchased at an average cost of $84.31 per share, for a total transaction of $252,930.00. Following the completion of the purchase, the chief financial officer now directly owns 12,851 shares of the company’s stock, valued at $1,083,467.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by insiders.

Several analysts recently commented on SAIC shares. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, March 30th. Citigroup lowered their price objective on shares of Science Applications International from $115.00 to $105.00 in a research report on Friday, March 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their price objective on shares of Science Applications International from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 1st. Zacks Investment Research downgraded shares of Science Applications International from a “hold” rating to a “strong sell” rating and set a $70.00 price objective on the stock. in a research report on Tuesday, March 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $90.00 price objective on shares of Science Applications International in a research report on Thursday, April 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Science Applications International currently has a consensus rating of “Buy” and a consensus price target of $94.50.

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 engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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