Science Applications International Co. (NYSE:SAIC) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System increased its position in shares of Science Applications International Co. (NYSE:SAIC) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 318,231 shares of the information technology services provider’s stock after purchasing an additional 228 shares during the period. California Public Employees Retirement System’s holdings in Science Applications International were worth $39,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. Duality Advisers LP purchased a new position in Science Applications International during the fourth quarter worth about $1,915,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Science Applications International by 3.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,063 shares of the information technology services provider’s stock worth $1,375,000 after buying an additional 337 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Science Applications International in the fourth quarter valued at approximately $3,036,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Science Applications International in the fourth quarter valued at approximately $1,331,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Science Applications International in the fourth quarter valued at approximately $859,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several recent research reports. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. Wells Fargo & Company raised their price objective on shares of 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. Finally, Truist Financial reissued a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $127.60.

Insiders Place Their Bets

In related news, CEO Toni Townes-Whitley acquired 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were bought at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Toni Townes-Whitley acquired 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were bought at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vincent P. Difronzo acquired 795 shares of the business’s stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the acquisition, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is owned by corporate insiders.

Science Applications International Stock Up 0.3 %

Shares of Science Applications International stock opened at $129.47 on Friday. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17. The company has a 50 day moving average of $132.61 and a 200 day moving average of $125.46. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.64 billion, a P/E ratio of 16.36 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results 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 return on equity of 23.73% and a net margin of 6.41%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. As a group, research analysts forecast that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a dividend of $0.37 per share. 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 1.14%. Science Applications International’s payout ratio is currently 16.72%.

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.