Texas Permanent School Fund Corp Sells 1,219 Shares of Science Applications International Co. (NYSE:SAIC)

Texas Permanent School Fund Corp reduced its position in shares of Science Applications International Co. (NYSE:SAICFree Report) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,320 shares of the information technology services provider’s stock after selling 1,219 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Science Applications International worth $4,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Science Applications International by 2.3% in the second quarter. Commonwealth Equity Services LLC now owns 4,118 shares of the information technology services provider’s stock worth $463,000 after acquiring an additional 94 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Science Applications International by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider’s stock worth $1,303,000 after acquiring an additional 94 shares during the period. Lincoln National Corp grew its stake in shares of Science Applications International by 1.6% in the second quarter. Lincoln National Corp now owns 6,619 shares of the information technology services provider’s stock worth $745,000 after acquiring an additional 102 shares during the period. Quarry LP grew its stake in shares of Science Applications International by 100.0% in the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 109 shares during the period. Finally, Truist Financial Corp grew its stake in shares of Science Applications International by 0.6% in the second quarter. Truist Financial Corp now owns 20,979 shares of the information technology services provider’s stock worth $2,360,000 after acquiring an additional 115 shares during the period. 75.31% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

SAIC stock opened at $131.26 on Tuesday. Science Applications International Co. has a one year low of $95.43 and a one year high of $136.05. The company’s fifty day moving average price is $127.38 and its 200-day moving average price is $118.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.08 and a current ratio of 1.13. The company has a market capitalization of $6.83 billion, a PE ratio of 13.89 and a beta of 0.71.

Science Applications International (NYSE:SAICGet Free Report) last released its earnings results on Monday, December 4th. The information technology services provider reported $2.27 EPS for the quarter, topping the consensus estimate of $1.69 by $0.58. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion. Science Applications International had a net margin of 6.67% and a return on equity of 26.14%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 earnings per share. On average, equities analysts anticipate that Science Applications International Co. will post 7.88 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, January 11th. Science Applications International’s payout ratio is 15.66%.

Insider Activity at Science Applications International

In other Science Applications International news, insider Robert S. Genter sold 7,024 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $125.00, for a total transaction of $878,000.00. Following the transaction, the insider now owns 48,204 shares in the company, valued at $6,025,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Science Applications International news, insider Robert S. Genter sold 7,024 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $125.00, for a total transaction of $878,000.00. Following the transaction, the insider now owns 48,204 shares in the company, valued at $6,025,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle A. O’hara sold 4,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $127.45, for a total transaction of $509,800.00. Following the transaction, the executive vice president now owns 26,238 shares in the company, valued at approximately $3,344,033.10. The disclosure for this sale can be found here. Insiders have sold a total of 12,233 shares of company stock valued at $1,539,058 over the last 90 days. 1.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, December 5th. StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. JPMorgan Chase & Co. lowered shares of Science Applications International from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $130.00 to $142.00 in a research report on Tuesday, December 5th. Finally, Wells Fargo & Company boosted their target price on shares of Science Applications International from $116.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.33.

Check Out Our Latest Stock Analysis on SAIC

Science Applications International Company Profile

(Free Report)

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; and data management platform solutions.

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

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