Blue Trust Inc. Lowers Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Blue Trust Inc. trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,389 shares of the information technology services provider’s stock after selling 144 shares during the period. Blue Trust Inc.’s holdings in Science Applications International were worth $155,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International in the 4th quarter worth approximately $28,000. Quarry LP purchased a new position in Science Applications International in the 3rd quarter worth approximately $71,000. Covestor Ltd raised its holdings in Science Applications International by 45.1% in the 3rd 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 during the last quarter. Tidal Investments LLC purchased a new position in Science Applications International in the 3rd quarter worth approximately $200,000. Finally, Fonville Wealth Management LLC purchased a new position in Science Applications International in the 3rd quarter worth approximately $203,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value 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 represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SAIC shares. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company decreased their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $137.22.

Science Applications International Trading Down 0.5 %

Shares of SAIC stock opened at $102.79 on Friday. Science Applications International Co. has a 1 year low of $99.32 and a 1 year high of $156.34. The firm has a fifty day moving average price of $110.67 and a 200-day moving average price of $125.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 17.33 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is 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.