VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Science Applications International Corporation (NASDAQ:SAIC – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,730 shares of the company’s stock, valued at approximately $2,951,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Science Applications International as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of SAIC. California State Teachers Retirement System increased its position in Science Applications International by 10,238.4% during the second quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock valued at $609,531,000 after acquiring an additional 5,467,211 shares during the last quarter. HB Wealth Management LLC boosted its position in Science Applications International by 1.2% in the second quarter. HB Wealth Management LLC now owns 18,974 shares of the company’s stock worth $2,095,000 after purchasing an additional 219 shares during the last quarter. Syon Capital LLC purchased a new position in Science Applications International in the second quarter worth about $250,000. Concurrent Investment Advisors LLC grew its stake in shares of Science Applications International by 5.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,523 shares of the company’s stock valued at $610,000 after purchasing an additional 261 shares during the period. Finally, Nykredit A S bought a new stake in shares of Science Applications International during the 2nd quarter valued at about $345,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.
Science Applications International Stock Up 2.0%
NASDAQ SAIC opened at $128.76 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.71. The stock’s 50 day moving average is $121.50 and its 200 day moving average is $107.04. Science Applications International Corporation has a 12 month low of $81.08 and a 12 month high of $142.66. The stock has a market cap of $5.40 billion, a PE ratio of 15.06 and a beta of 0.30.
Science Applications International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. Science Applications International’s dividend payout ratio is presently 17.31%.
Analysts Set New Price Targets
SAIC has been the topic of several recent research reports. UBS Group increased their price objective on shares of Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Jefferies Financial Group upped their target price on shares of Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a report on Tuesday, September 1st. Citigroup increased their price target on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, BNP Paribas Exane started coverage on shares of Science Applications International in a research note on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price target on the stock. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.22.
Get Our Latest Analysis on Science Applications International
Science Applications International Profile
Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.
SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.
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