State of New Jersey Common Pension Fund D Buys 6,757 Shares of Science Applications International Corporation $SAIC

State of New Jersey Common Pension Fund D grew its stake in Science Applications International Corporation (NASDAQ:SAIC) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,749 shares of the company’s stock after purchasing an additional 6,757 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Science Applications International were worth $2,491,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SAIC. LSV Asset Management increased its position in Science Applications International by 20.2% during the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock worth $155,518,000 after acquiring an additional 263,006 shares during the period. JPMorgan Chase & Co. increased its position in Science Applications International by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock worth $17,485,000 after acquiring an additional 53,684 shares during the period. Y Intercept Hong Kong Ltd increased its position in Science Applications International by 229.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the company’s stock worth $6,901,000 after acquiring an additional 48,359 shares during the period. Allspring Global Investments Holdings LLC increased its position in Science Applications International by 19.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock worth $21,870,000 after acquiring an additional 35,814 shares during the period. Finally, First Trust Advisors LP increased its position in Science Applications International by 3.7% during the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock worth $150,947,000 after acquiring an additional 53,895 shares during the period. 76.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SAIC has been the topic of a number of recent research reports. Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a research report on Friday, March 27th. Stifel Nicolaus lowered their price target on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group lowered their price target on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average target price of $110.78.

Science Applications International Trading Down 1.3%

Shares of Science Applications International stock opened at $94.36 on Thursday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 12.27 and a beta of 0.28. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International Corporation has a 12-month low of $81.08 and a 12-month high of $124.11. The firm’s 50-day moving average price is $94.94 and its two-hundred day moving average price is $96.42.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 earnings per share. On average, analysts forecast that Science Applications International Corporation will post 9.61 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, April 24th. Shareholders of record on Friday, April 10th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, April 10th. Science Applications International’s dividend payout ratio is presently 19.25%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.