Teachers Retirement System of The State of Kentucky Trims Position in Science Applications International Co. (NYSE:SAIC)

Teachers Retirement System of The State of Kentucky cut its position in Science Applications International Co. (NYSE:SAICGet Rating) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,234 shares of the information technology services provider’s stock after selling 10,440 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Science Applications International were worth $3,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Science Applications International during the first quarter worth $79,000. Prospera Financial Services Inc bought a new position in shares of Science Applications International during the first quarter worth $92,000. Covestor Ltd boosted its position in shares of Science Applications International by 90.6% during the first quarter. Covestor Ltd now owns 1,590 shares of the information technology services provider’s stock worth $147,000 after acquiring an additional 756 shares during the last quarter. Purus Wealth Management LLC bought a new position in shares of Science Applications International during the first quarter worth $206,000. Finally, Engineers Gate Manager LP bought a new position in shares of Science Applications International during the first quarter worth $219,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Price Performance

SAIC stock opened at $93.15 on Monday. The company has a fifty day simple moving average of $93.54 and a two-hundred day simple moving average of $90.21. The firm has a market capitalization of $5.14 billion, a P/E ratio of 20.38 and a beta of 0.70. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.49. Science Applications International Co. has a 52 week low of $78.10 and a 52 week high of $97.82.

Science Applications International (NYSE:SAICGet Rating) last released its earnings results on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.07. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 3.46% and a return on equity of 24.18%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $1.97 EPS. Analysts anticipate that Science Applications International Co. will post 7.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 14th will be issued a $0.37 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. Science Applications International’s dividend payout ratio (DPR) is presently 32.39%.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of research reports. Barclays upped their target price on shares of Science Applications International from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 7th. Cowen upped their target price on shares of Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Finally, Cowen increased their price objective on shares of Science Applications International from $111.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, June 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $102.86.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 2,600 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $93.30, for a total value of $242,580.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $728,952.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.12% of the company’s stock.

Science Applications International Profile

(Get Rating)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

Recommended Stories

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAICGet Rating).

Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.