JPMorgan Chase & Co. Sells 11,377 Shares of Science Applications International Co. (NYSE:SAIC)

JPMorgan Chase & Co. lessened its position in shares of Science Applications International Co. (NYSE:SAIC) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 214,306 shares of the information technology services provider’s stock after selling 11,377 shares during the period. JPMorgan Chase & Co. owned approximately 0.44% of Science Applications International worth $29,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Science Applications International during the 3rd quarter valued at $1,713,000. Tidal Investments LLC bought a new position in Science Applications International in the third quarter valued at $200,000. TD Private Client Wealth LLC raised its position in Science Applications International by 53.6% during the third quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider’s stock valued at $212,000 after purchasing an additional 532 shares in the last quarter. Arete Wealth Advisors LLC lifted its stake in Science Applications International by 42.0% during the third quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider’s stock worth $1,063,000 after purchasing an additional 2,260 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Science Applications International in the 3rd quarter worth about $249,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, with a total value 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on SAIC shares. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. UBS Group began coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. Wells Fargo & Company lifted their price target on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. Finally, Citigroup lifted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International presently has a consensus rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Stock Up 0.1 %

Shares of SAIC stock opened at $113.95 on Wednesday. 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 twelve month low of $108.90 and a twelve month high of $156.34. The stock has a 50 day moving average of $124.03 and a 200 day moving average of $127.88. The stock has a market cap of $5.57 billion, a P/E ratio of 19.22 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. Science Applications International’s payout ratio 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.