Teacher Retirement System of Texas Grows Position in Science Applications International Co. $SAIC

Teacher Retirement System of Texas grew its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.6% in the second quarter, HoldingsChannel.com reports. The firm owned 34,539 shares of the information technology services provider’s stock after buying an additional 884 shares during the quarter. Teacher Retirement System of Texas’ holdings in Science Applications International were worth $3,889,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Science Applications International by 9.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 271 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of Science Applications International during the first quarter valued at approximately $204,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Science Applications International by 61.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider’s stock valued at $1,874,000 after purchasing an additional 6,011 shares during the period. LBP AM SA boosted its stake in shares of Science Applications International by 136.3% during the second quarter. LBP AM SA now owns 62,491 shares of the information technology services provider’s stock valued at $7,037,000 after purchasing an additional 36,045 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Science Applications International by 19.7% during the second quarter. State of Alaska Department of Revenue now owns 39,904 shares of the information technology services provider’s stock valued at $4,493,000 after purchasing an additional 6,580 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC opened at $93.71 on Friday. The stock has a fifty day simple moving average of $102.56 and a two-hundred day simple moving average of $110.41. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 15.80 and a beta of 0.44. Science Applications International Co. has a 12-month low of $90.14 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Research analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a $0.37 dividend. The ex-dividend date was Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.6%. Science Applications International’s dividend payout ratio is 17.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SAIC shares. UBS Group dropped their price objective on Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Jefferies Financial Group cut their price objective on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, September 10th. Stifel Nicolaus cut their price objective on Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $115.00 price objective (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Finally, The Goldman Sachs Group cut their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.10.

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.