California State Teachers Retirement System raised its position in Science Applications International Corp (NYSE:SAIC) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,402 shares of the information technology services provider’s stock after acquiring an additional 11,019 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of Science Applications International worth $5,956,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Royce & Associates LP increased its holdings in shares of Science Applications International by 23.6% in the 1st quarter. Royce & Associates LP now owns 696 shares of the information technology services provider’s stock valued at $54,000 after acquiring an additional 133 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of Science Applications International by 20.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 90,369 shares of the information technology services provider’s stock valued at $6,954,000 after acquiring an additional 15,648 shares during the period. Boston Family Office LLC acquired a new position in shares of Science Applications International in the 1st quarter valued at $210,000. Martingale Asset Management L P acquired a new position in shares of Science Applications International in the 1st quarter valued at $1,991,000. Finally, Piedmont Investment Advisors Inc. acquired a new position in shares of Science Applications International in the 1st quarter valued at $229,000. Institutional investors own 76.92% of the company’s stock.
A number of equities analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Science Applications International in a report on Monday, June 3rd. They issued an “overweight” rating and a $96.00 target price on the stock. Wells Fargo & Co lifted their target price on shares of Science Applications International from $70.00 to $77.00 and gave the company a “market perform” rating in a report on Friday, March 29th. Goldman Sachs Group began coverage on shares of Science Applications International in a research note on Thursday, May 9th. They issued a “neutral” rating and a $77.00 price objective on the stock. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Wednesday, March 6th. Finally, Citigroup began coverage on shares of Science Applications International in a research note on Tuesday, February 19th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Science Applications International has a consensus rating of “Buy” and an average price target of $95.00.
Shares of SAIC opened at $84.90 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.18 and a current ratio of 1.30. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 3.00 and a beta of 1.39. Science Applications International Corp has a 1 year low of $58.19 and a 1 year high of $93.31.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.15. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Science Applications International had a net margin of 2.80% and a return on equity of 25.89%. Science Applications International’s revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. As a group, equities research analysts expect that Science Applications International Corp will post 5.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.74%. Science Applications International’s dividend payout ratio is currently 29.37%.
In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $75.00, for a total value of $135,225.00. Following the transaction, the chief executive officer now directly owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.05% of the company’s stock.
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Science Applications International Profile
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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