New York State Teachers Retirement System Reduces Stock Holdings in Science Applications International Co. (NYSE:SAIC)

New York State Teachers Retirement System decreased its position in Science Applications International Co. (NYSE:SAIC) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,425 shares of the information technology services provider’s stock after selling 2,200 shares during the period. New York State Teachers Retirement System owned about 0.12% of Science Applications International worth $6,419,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth $28,000. Quarry LP purchased a new stake in shares of Science Applications International during the third quarter worth $71,000. Covestor Ltd lifted its position in shares of Science Applications International by 45.1% during the third quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after acquiring an additional 421 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Science Applications International during the third quarter worth $200,000. Finally, Fonville Wealth Management LLC purchased a new stake in shares of Science Applications International during the third quarter worth $203,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company decreased their price target on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Finally, TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $137.22.

Science Applications International Stock Performance

Shares of SAIC opened at $103.30 on Thursday. 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 Co. has a one year low of $99.32 and a one year high of $156.34. The company has a 50-day simple moving average of $110.87 and a two-hundred day simple moving average of $125.89. The firm has a market capitalization of $5.05 billion, a PE ratio of 17.42 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.43%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

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.