New York State Common Retirement Fund Sells 21,950 Shares of Science Applications International Co. $SAIC

New York State Common Retirement Fund cut its stake in Science Applications International Co. (NYSE:SAIC) by 42.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,317 shares of the information technology services provider’s stock after selling 21,950 shares during the quarter. New York State Common Retirement Fund’s holdings in Science Applications International were worth $3,013,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management increased its position in shares of Science Applications International by 143.2% during the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock valued at $146,621,000 after buying an additional 766,734 shares during the period. Norges Bank bought a new stake in Science Applications International during the 2nd quarter worth approximately $81,148,000. Arrowstreet Capital Limited Partnership lifted its stake in Science Applications International by 78.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock worth $101,608,000 after purchasing an additional 396,037 shares in the last quarter. AQR Capital Management LLC lifted its stake in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock worth $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Science Applications International during the 2nd quarter valued at $31,271,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Activity

In other Science Applications International news, CEO James Reagan bought 1,000 shares of Science Applications International stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $100.17 per share, with a total value of $100,170.00. Following the acquisition, the chief executive officer owned 26,460 shares in the company, valued at approximately $2,650,498.20. This trade represents a 3.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SAIC shares. JPMorgan Chase & Co. increased their price objective on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Citigroup raised their price target on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, UBS Group boosted their price objective on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $117.44.

Science Applications International Price Performance

SAIC opened at $98.36 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.44 billion, a P/E ratio of 16.59 and a beta of 0.28. The stock has a 50-day moving average price of $102.99 and a 200-day moving average price of $102.85. Science Applications International Co. has a 12-month low of $84.15 and a 12-month high of $124.11.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.61 EPS. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Equities analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, January 14th. Science Applications International’s payout ratio is presently 18.93%.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.