Principal Financial Group Inc. Sells 52,155 Shares of Science Applications International Co. (NYSE:SAIC)

Principal Financial Group Inc. cut its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 30.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,567 shares of the information technology services provider’s stock after selling 52,155 shares during the quarter. Principal Financial Group Inc. owned approximately 0.24% of Science Applications International worth $16,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in Science Applications International during the 2nd quarter worth about $27,000. UMB Bank n.a. lifted its position in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after buying an additional 171 shares in the last quarter. GAMMA Investing LLC lifted its position in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares in the last quarter. Quarry LP bought a new stake in Science Applications International during the 3rd quarter worth about $71,000. Finally, International Assets Investment Management LLC bought a new stake in Science Applications International during the 2nd quarter worth about $78,000. 76.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAIC. Barclays boosted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. Truist Financial boosted their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lowered their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Finally, UBS Group began coverage on shares of Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Stock Down 0.5 %

Shares of SAIC opened at $111.14 on Friday. Science Applications International Co. has a 52 week low of $108.90 and a 52 week high of $156.34. The firm has a market cap of $5.43 billion, a P/E ratio of 18.74 and a beta of 0.65. The firm’s 50-day simple moving average is $128.58 and its 200 day simple moving average is $127.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. Science Applications International’s payout ratio is presently 24.96%.

Science Applications International 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.