Sumitomo Mitsui Trust Group Inc. Has $323,000 Holdings in Science Applications International Co. (NYSE:SAIC)

Sumitomo Mitsui Trust Group Inc. increased its stake in Science Applications International Co. (NYSE:SAIC) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,889 shares of the information technology services provider’s stock after buying an additional 623 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Science Applications International were worth $323,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SAIC. Quarry LP bought a new position in Science Applications International during the 3rd quarter worth $71,000. Covestor Ltd increased its position in Science Applications International by 45.1% during the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after buying an additional 421 shares during the period. Tidal Investments LLC bought a new position in Science Applications International during the 3rd quarter worth $200,000. Fonville Wealth Management LLC bought a new position in Science Applications International during the 3rd quarter worth $203,000. Finally, Forum Financial Management LP bought a new position in Science Applications International during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Up 0.7 %

SAIC stock opened at $100.93 on Friday. The stock’s fifty day simple moving average is $111.43 and its two-hundred day simple moving average is $126.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 1-year low of $99.32 and a 1-year high of $156.34. The stock has a market cap of $4.93 billion, a P/E ratio of 17.02 and a beta of 0.66.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. Science Applications International’s payout ratio is currently 24.96%.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, 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 at the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on 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 represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. UBS Group assumed coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. JPMorgan Chase & Co. reduced 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. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $137.22.

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.