KBC Group NV Buys 708 Shares of Science Applications International Co. (NYSE:SAIC)

KBC Group NV grew its position in shares of Science Applications International Co. (NYSE:SAIC) by 48.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,182 shares of the information technology services provider’s stock after acquiring an additional 708 shares during the quarter. KBC Group NV’s holdings in Science Applications International were worth $244,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Science Applications International by 438.5% during the third 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 during the last quarter. GAMMA Investing LLC lifted its position in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares during the last quarter. Quarry LP bought a new stake in shares of Science Applications International during the third quarter worth approximately $71,000. Sound Income Strategies LLC acquired a new position in shares of Science Applications International in the third quarter valued at approximately $121,000. Finally, Covestor Ltd increased its stake in shares of Science Applications International by 45.1% during the third quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after purchasing an additional 421 shares during the period. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAIC. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on 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. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company cut their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup raised their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.38.

Insider Activity

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 sale, the director now owns 6,864 shares in the company, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Up 0.4 %

Shares of NYSE SAIC opened at $107.89 on Wednesday. Science Applications International Co. has a 1 year low of $104.36 and a 1 year high of $156.34. 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 firm has a market cap of $5.27 billion, a PE ratio of 18.19 and a beta of 0.66. The company has a 50 day simple moving average of $114.68 and a 200 day simple moving average of $127.32.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.37%. Science Applications International’s dividend payout ratio (DPR) 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.