MML Investors Services LLC Sells 2,089 Shares of Science Applications International Co. (NYSE:SAIC)

MML Investors Services LLC reduced its position in shares of Science Applications International Co. (NYSE:SAIC) by 37.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,545 shares of the information technology services provider’s stock after selling 2,089 shares during the period. MML Investors Services LLC’s holdings in Science Applications International were worth $494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Science Applications International by 36,732.4% during the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after buying an additional 245,005 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Science Applications International by 122.7% during the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after acquiring an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after acquiring an additional 56,414 shares during the period. American Century Companies Inc. boosted its position in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after purchasing an additional 28,304 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Science Applications International by 9.7% in the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after purchasing an additional 27,664 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lifted their target price on 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. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Citigroup increased their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lowered their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Science Applications International currently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

Insider Activity

In other news, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $111.42 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a one year low of $108.90 and a one year high of $156.34. The firm has a market capitalization of $5.45 billion, a P/E ratio of 18.79 and a beta of 0.64. The business has a fifty day moving average price of $132.15 and a 200-day moving average price of $128.19.

Science Applications International Dividend Announcement

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

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.