Allspring Global Investments Holdings LLC Has $2.91 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

Allspring Global Investments Holdings LLC reduced its holdings in Science Applications International Co. (NYSE:SAIC) by 14.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,986 shares of the information technology services provider’s stock after selling 4,550 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Science Applications International worth $2,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIC. International Assets Investment Management LLC increased its position in shares of Science Applications International by 36,732.4% during the third 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 during the period. Van ECK Associates Corp increased its position in shares of Science Applications International by 21.9% during the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after buying an additional 44,990 shares during the period. Systematic Financial Management LP increased its position in shares of Science Applications International by 9.2% during the third quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider’s stock worth $32,033,000 after buying an additional 19,446 shares during the period. Geode Capital Management LLC increased its position in shares of Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after buying an additional 18,102 shares during the period. Finally, State Street Corp increased its position in shares of Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after buying an additional 15,166 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

SAIC stock opened at $97.84 on Friday. Science Applications International Co. has a one year low of $96.79 and a one year high of $156.34. The stock has a market cap of $4.78 billion, a PE ratio of 16.50 and a beta of 0.66. The firm has a 50 day simple moving average of $110.45 and a two-hundred day simple moving average of $125.57. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 dividend yield of 1.51%. Science Applications International’s dividend payout ratio (DPR) is 24.96%.

Insider Activity

In other news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction that occurred on 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 acquisition, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction on Monday, January 13th. The shares were 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 $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 corporate insiders.

Analysts Set New Price Targets

SAIC has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on shares of 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. The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Cantor Fitzgerald started coverage on shares of Science Applications International in a research note on Friday, February 7th. They set a “neutral” rating and a $120.00 target price on the stock. UBS Group assumed coverage on shares of 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. Finally, TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. One equities 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.