Arizona State Retirement System Has $1.58 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Arizona State Retirement System lessened its position in shares of Science Applications International Co. (NYSE:SAIC) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,025 shares of the information technology services provider’s stock after selling 328 shares during the quarter. Arizona State Retirement System’s holdings in Science Applications International were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SAIC. Parallel Advisors LLC increased its stake in shares of Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 148 shares in the last quarter. True Wealth Design LLC acquired a new stake in Science Applications International in the 4th quarter valued at about $48,000. Fifth Third Bancorp raised its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 88 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International during the fourth quarter worth approximately $58,000. Finally, UMB Bank n.a. grew its stake in shares of Science Applications International by 220.1% during the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock valued at $63,000 after purchasing an additional 383 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Down 0.1%

Shares of Science Applications International stock opened at $113.42 on Friday. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The business has a 50-day moving average of $112.29 and a two-hundred day moving average of $111.46. The company has a market capitalization of $5.32 billion, a P/E ratio of 19.13 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.92 earnings per share. As a group, equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.30%. Science Applications International’s payout ratio is presently 20.76%.

Analyst Ratings Changes

SAIC has been the topic of several research reports. Wells Fargo & Company upped their price objective on Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. decreased their price target on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. UBS Group decreased their price target on Science Applications International from $121.00 to $111.00 and set a “neutral” rating on the stock in a report on Tuesday, June 3rd. Truist Financial dropped their price objective on Science Applications International from $115.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group raised their target price on Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $124.73.

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.