Charles Schwab Investment Management Inc. Decreases Holdings in Science Applications International Co. (NYSE:SAIC)

Charles Schwab Investment Management Inc. cut its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 506,121 shares of the information technology services provider’s stock after selling 12,794 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.04% of Science Applications International worth $56,574,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SAIC. Empowered Funds LLC increased its stake in shares of Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after buying an additional 874 shares during the period. Seizert Capital Partners LLC increased its stake in shares of Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after buying an additional 10,326 shares during the period. First Citizens Bank & Trust Co. purchased a new position in shares of Science Applications International in the fourth quarter worth $312,000. Pure Financial Advisors LLC increased its stake in shares of Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after buying an additional 2,946 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its stake in shares of Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after buying an additional 4,796 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction 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 directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SAIC has been the topic of several analyst reports. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group cut 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. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $136.11.

Science Applications International Price Performance

SAIC opened at $104.26 on Friday. The stock has a 50-day moving average price of $107.63 and a 200-day moving average price of $123.35. 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 $5.10 billion, a PE ratio of 17.58 and a beta of 0.66. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Science Applications International Company 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.