Blue Trust Inc. Cuts Position in Science Applications International Co. (NYSE:SAIC)

Blue Trust Inc. lessened its holdings in Science Applications International Co. (NYSE:SAIC) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Campbell Wealth Management purchased a new position in shares of Science Applications International in the 4th quarter worth approximately $562,000. Van ECK Associates Corp boosted its stake in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after buying an additional 76,204 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International in the 4th quarter worth approximately $28,000. Savant Capital LLC boosted its stake in shares of Science Applications International by 308.0% in the 4th quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider’s stock worth $1,057,000 after buying an additional 7,139 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Science Applications International in the fourth quarter valued at approximately $894,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.5 %

SAIC opened at $102.79 on Friday. The stock has a market cap of $5.02 billion, a PE ratio of 17.33 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52 week low of $99.32 and a 52 week high of $156.34. The business’s fifty day simple moving average is $110.67 and its 200 day simple moving average is $125.73.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Activity at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $381,230.30. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAIC. 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 research note on Friday, December 6th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald began coverage on Science Applications International in a research note on Friday, February 7th. They issued a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average price target of $137.22.

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.