Science Applications International Co. (NYSE:SAIC) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its position in Science Applications International Co. (NYSE:SAIC) by 0.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 45,565 shares of the information technology services provider’s stock after selling 163 shares during the period. Texas Permanent School Fund Corp’s holdings in Science Applications International were worth $5,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in Science Applications International during the 4th quarter valued at about $25,000. CVA Family Office LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $26,000. Parallel Advisors LLC increased its stake in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares during the period. FinTrust Capital Advisors LLC increased its stake in Science Applications International by 150.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after buying an additional 284 shares during the period. Finally, Community Bank N.A. acquired a new stake in Science Applications International during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Activity

In other Science Applications International news, CFO Prabu Natarajan bought 2,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $114.85 per share, with a total value of $229,700.00. Following the acquisition, the chief financial officer now directly owns 60,630 shares of the company’s stock, valued at approximately $6,963,355.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Vincent P. Difronzo purchased 215 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $116.72 per share, with a total value of $25,094.80. Following the completion of the acquisition, the executive vice president now directly owns 2,267 shares in the company, valued at $264,604.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Prabu Natarajan acquired 2,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the completion of the purchase, the chief financial officer now directly owns 60,630 shares in the company, valued at approximately $6,963,355.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 2,715 shares of company stock valued at $312,207. 0.67% of the stock is currently owned by company insiders.

Science Applications International Stock Up 0.5 %

Shares of Science Applications International stock traded up $0.58 during trading hours on Friday, hitting $116.97. The company had a trading volume of 12,446 shares, compared to its average volume of 306,982. The company’s 50-day moving average is $124.21 and its two-hundred day moving average is $128.38. Science Applications International Co. has a twelve month low of $104.26 and a twelve month high of $145.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $5.99 billion, a P/E ratio of 14.86 and a beta of 0.69.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.92. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company posted $2.14 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts anticipate that Science Applications International Co. will post 8.1 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, July 12th. Science Applications International’s dividend payout ratio is currently 17.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial cut their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, June 4th. JPMorgan Chase & Co. reduced their price target on Science Applications International from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Finally, Wells Fargo & Company boosted their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and an average price target of $125.00.

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.