Principal Financial Group Inc. Has $12.69 Million Stake in Science Applications International Co. (NYSE:SAIC)

Principal Financial Group Inc. cut its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,560 shares of the information technology services provider’s stock after selling 5,007 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Science Applications International worth $12,694,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new stake in Science Applications International during the 4th quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Science Applications International during the third quarter worth $71,000. Covestor Ltd boosted its position in shares of Science Applications International by 45.1% in the third quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock valued at $189,000 after acquiring an additional 421 shares during the period. Tidal Investments LLC acquired a new position in shares of Science Applications International in the third quarter valued at about $200,000. Finally, Fonville Wealth Management LLC acquired a new position in shares of Science Applications International in the third quarter valued at about $203,000. Institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SAIC. Wells Fargo & Company cut their price objective on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a report on Wednesday. The Goldman Sachs Group cut their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $136.11.

Science Applications International Price Performance

Shares of SAIC stock opened at $100.56 on Friday. Science Applications International Co. has a twelve month low of $95.86 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $109.16 and a 200 day simple moving average of $124.85. The company has a market cap of $4.92 billion, a P/E ratio of 16.96 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently declared 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 of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. Science Applications International’s payout ratio is currently 24.96%.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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.