Retirement Systems of Alabama Sells 733 Shares of Science Applications International Co. (NYSE:SAIC)

Retirement Systems of Alabama lessened its holdings in Science Applications International Co. (NYSE:SAIC) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,298 shares of the information technology services provider’s stock after selling 733 shares during the period. Retirement Systems of Alabama owned about 0.13% of Science Applications International worth $8,242,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Treasurer of the State of North Carolina raised its holdings in shares of Science Applications International by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock valued at $2,573,000 after purchasing an additional 123 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Science Applications International by 17.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,082 shares of the information technology services provider’s stock worth $114,000 after buying an additional 161 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Science Applications International by 1.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,857 shares of the information technology services provider’s stock worth $1,101,000 after buying an additional 163 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Science Applications International by 4.5% in the third quarter. Panagora Asset Management Inc. now owns 3,969 shares of the information technology services provider’s stock valued at $419,000 after acquiring an additional 171 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International during the fourth quarter valued at approximately $25,000. Institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SAIC shares. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Truist Financial restated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on shares of 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. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research note on Thursday, February 29th. Finally, Wells Fargo & Company upped their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $127.60.

Science Applications International Stock Up 1.3 %

SAIC opened at $131.55 on Friday. The company has a 50 day moving average of $132.08 and a 200 day moving average of $125.91. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17. The company has a market cap of $6.74 billion, a PE ratio of 14.86 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the business posted $2.04 earnings per share. On average, sell-side analysts expect that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. 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 on Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

About Science Applications International

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.