Sumitomo Mitsui Trust Group Inc. Increases Holdings in Science Applications International Co. (NYSE:SAIC)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Science Applications International Co. (NYSE:SAIC) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,889 shares of the information technology services provider’s stock after purchasing an additional 623 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Science Applications International were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SAIC. GHP Investment Advisors Inc. increased its position in Science Applications International by 6.2% during the fourth quarter. GHP Investment Advisors Inc. now owns 18,217 shares of the information technology services provider’s stock valued at $2,036,000 after acquiring an additional 1,059 shares during the last quarter. State of Alaska Department of Revenue increased its position in Science Applications International by 58.7% during the fourth quarter. State of Alaska Department of Revenue now owns 33,249 shares of the information technology services provider’s stock valued at $3,716,000 after acquiring an additional 12,300 shares during the last quarter. Foster & Motley Inc. purchased a new stake in Science Applications International during the fourth quarter valued at $221,000. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Science Applications International by 4.8% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 100 shares during the last quarter. Finally, KBC Group NV increased its position in Science Applications International by 48.0% during the fourth quarter. KBC Group NV now owns 2,182 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Transactions at Science Applications International

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 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 legal filing with the SEC, which is available at this link. Also, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Up 0.7 %

Shares of NYSE:SAIC opened at $100.93 on Friday. Science Applications International Co. has a 52-week low of $99.32 and a 52-week high of $156.34. The stock has a market cap of $4.93 billion, a P/E ratio of 17.02 and a beta of 0.66. The business’s 50 day moving average is $111.43 and its 200 day moving average is $126.18. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.47%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Analysts Set New Price Targets

A number of analysts recently commented on SAIC shares. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald began coverage on Science Applications International in a report on Friday, February 7th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Wells Fargo & Company cut their price target on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.