Louisiana State Employees Retirement System Purchases New Stake in Science Applications International Co. (NYSE:SAIC)

Louisiana State Employees Retirement System purchased a new stake in Science Applications International Co. (NYSE:SAIC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,900 shares of the information technology services provider’s stock, valued at approximately $1,852,000.

Several other hedge funds have also bought and sold shares of the business. Cambridge Investment Research Advisors Inc. purchased a new position in Science Applications International during the 1st quarter worth $978,000. Natixis Advisors L.P. boosted its holdings in Science Applications International by 14.0% during the 1st quarter. Natixis Advisors L.P. now owns 11,670 shares of the information technology services provider’s stock worth $1,076,000 after acquiring an additional 1,432 shares during the last quarter. Bank of Montreal Can boosted its holdings in Science Applications International by 19.5% during the 1st quarter. Bank of Montreal Can now owns 11,432 shares of the information technology services provider’s stock worth $1,073,000 after acquiring an additional 1,862 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Science Applications International during the 1st quarter worth $578,000. Finally, MetLife Investment Management LLC raised its stake in shares of Science Applications International by 32.0% during the 1st quarter. MetLife Investment Management LLC now owns 36,823 shares of the information technology services provider’s stock worth $3,394,000 after purchasing an additional 8,926 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Activity

In other news, Director Katharina G. Mcfarland sold 760 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Katharina G. Mcfarland sold 760 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.

Science Applications International Trading Down 1.2 %

Shares of Science Applications International stock opened at $123.18 on Friday. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17. The stock’s 50-day simple moving average is $133.22 and its 200 day simple moving average is $124.60. The stock has a market capitalization of $6.36 billion, a P/E ratio of 15.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98.

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

Science Applications International Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio is presently 16.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group lowered their target price 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. Truist Financial reiterated a “hold” rating and set a $130.00 target price on shares of Science Applications International in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. lowered their target price 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 issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $127.60.

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.