Science Applications International Corporation $SAIC Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Science Applications International Corporation (NASDAQ:SAIC) by 33.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,671 shares of the company’s stock after selling 44,958 shares during the period. California Public Employees Retirement System’s holdings in Science Applications International were worth $8,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Science Applications International during the fourth quarter worth $25,000. Transamerica Financial Advisors LLC increased its position in shares of Science Applications International by 477.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after buying an additional 215 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Science Applications International in the third quarter valued at $29,000. Rakuten Securities Inc. raised its stake in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after buying an additional 249 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Science Applications International during the 4th quarter worth $35,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on SAIC shares. Weiss Ratings upgraded shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. UBS Group raised their target price on shares of Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. BNP Paribas Exane started coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $115.22.

Science Applications International Stock Performance

Science Applications International stock opened at $118.99 on Friday. Science Applications International Corporation has a fifty-two week low of $81.08 and a fifty-two week high of $123.41. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 13.40 and a beta of 0.29. The stock has a fifty day moving average of $109.36 and a two-hundred day moving average of $101.41. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, analysts anticipate that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.48 annualized dividend and a yield of 1.2%. Science Applications International’s payout ratio is presently 16.67%.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.