Texas Permanent School Fund Corp Boosts Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Texas Permanent School Fund Corp boosted its stake in shares of Science Applications International Co. (NYSE:SAIC) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,836 shares of the information technology services provider’s stock after purchasing an additional 271 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of Science Applications International worth $5,388,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SAIC. Larson Financial Group LLC acquired a new stake in Science Applications International during the 2nd quarter valued at $27,000. Parallel Advisors LLC lifted its position in shares of Science Applications International by 62.9% in 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 last quarter. Fifth Third Bancorp lifted its position in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after buying an additional 84 shares during the last quarter. CWM LLC lifted its position in shares of Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC lifted its position in shares of Science Applications International by 150.3% in 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 last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC opened at $134.94 on Friday. The firm’s 50 day moving average is $124.50 and its 200-day moving average is $127.28. The stock has a market capitalization of $6.68 billion, a P/E ratio of 15.80 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International Co. has a 12-month low of $104.26 and a 12-month high of $145.17.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. Equities research analysts anticipate that Science Applications International Co. will post 8.07 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio is currently 17.33%.

Analyst Ratings Changes

Several analysts recently weighed in on SAIC shares. Citigroup lifted their price objective on shares of Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, September 6th. TD Cowen raised their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Truist Financial raised their target price on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $138.29.

Insider Buying and Selling

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 acquired at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the completion of the acquisition, the executive vice president now owns 2,267 shares in the company, valued at approximately $264,604.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Science Applications International news, EVP James Joshua Jackson bought 400 shares of Science Applications International stock in a transaction on Wednesday, July 10th. The stock was purchased at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Vincent P. Difronzo bought 215 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of $116.72 per share, with a total value of $25,094.80. Following the completion of the transaction, the executive vice president now directly owns 2,267 shares of the company’s stock, valued at $264,604.24. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,715 shares of company stock worth $200,507. 0.67% of the stock is owned by company insiders.

Science Applications International Company 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.