Charles Schwab Investment Management Inc. Sells 12,794 Shares of Science Applications International Co. (NYSE:SAIC)

Charles Schwab Investment Management Inc. lessened its stake in Science Applications International Co. (NYSE:SAIC) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 506,121 shares of the information technology services provider’s stock after selling 12,794 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Science Applications International were worth $56,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in Science Applications International in the 3rd quarter valued at $71,000. Jones Financial Companies Lllp grew its holdings in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Science Applications International during the 3rd quarter worth $200,000. Finally, KBC Group NV grew its holdings in shares of Science Applications International by 15.3% during the 3rd quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock worth $205,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

Science Applications International stock opened at $104.26 on Friday. The firm has a market capitalization of $5.10 billion, a P/E ratio of 17.58 and a beta of 0.66. 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 stock has a fifty day moving average price of $107.63 and a 200 day moving average price of $123.35. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.42%. Science Applications International’s dividend payout ratio is presently 24.96%.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIC. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and an average target price of $136.11.

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.