Teacher Retirement System of Texas Sells 7,841 Shares of Science Applications International Co. $SAIC

Teacher Retirement System of Texas lowered its stake in Science Applications International Co. (NYSE:SAIC) by 22.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,698 shares of the information technology services provider’s stock after selling 7,841 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Science Applications International worth $2,653,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SAIC. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Science Applications International by 324.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 188 shares during the period. Quent Capital LLC bought a new stake in shares of Science Applications International in the third quarter valued at about $29,000. Rakuten Securities Inc. boosted its position in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after buying an additional 249 shares during the period. True Wealth Design LLC grew its holdings in shares of Science Applications International by 315.5% during the second quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock worth $39,000 after buying an additional 265 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in shares of Science Applications International during the second quarter worth about $56,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Down 1.8%

NYSE SAIC opened at $101.70 on Friday. The company has a market cap of $4.59 billion, a PE ratio of 17.15 and a beta of 0.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12 month low of $84.15 and a 12 month high of $124.11. The stock has a 50 day moving average of $101.40 and a 200-day moving average of $103.51.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company earned $2.61 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. On average, equities research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, January 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is presently 18.93%.

Insiders Place Their Bets

In other Science Applications International news, CEO James Reagan purchased 1,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $100.17 per share, with a total value of $100,170.00. Following the completion of the transaction, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. This represents a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. UBS Group boosted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Finally, Citigroup increased their target price on shares of Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and an average target price of $117.70.

Science Applications International Company Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.