Allspring Global Investments Holdings LLC Sells 4,550 Shares of Science Applications International Co. (NYSE:SAIC)

Allspring Global Investments Holdings LLC trimmed its holdings in Science Applications International Co. (NYSE:SAIC) by 14.9% in the 4th quarter, Holdings Channel reports. The fund 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’s holdings in Science Applications International were worth $2,908,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC purchased a new stake in Science Applications International during the 4th quarter valued at about $28,000. Savant Capital LLC grew its position in Science Applications International by 308.0% during the 4th quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider’s stock valued at $1,057,000 after purchasing an additional 7,139 shares during the last quarter. Entropy Technologies LP purchased a new stake in Science Applications International during the 4th quarter valued at about $894,000. Empowered Funds LLC grew its position in Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after purchasing an additional 874 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in Science Applications International during the 4th quarter valued at about $1,483,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Trading Down 4.8 %

Science Applications International stock opened at $97.84 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 16.50 and a beta of 0.66. 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 Co. has a 1 year low of $96.79 and a 1 year high of $156.34. The firm’s 50 day moving average price is $110.45 and its 200-day moving average price is $125.57.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is currently 24.96%.

Analyst Ratings Changes

SAIC has been the topic of a number of recent analyst reports. TD Cowen downgraded 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 report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Cantor Fitzgerald initiated coverage on shares of Science Applications International in a report on Friday, February 7th. They set a “neutral” rating and a $120.00 price target on the stock. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. Finally, The Goldman Sachs Group dropped 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $137.22.

Insider Activity

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm’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 completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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.