Securian Asset Management Inc. Has $418,000 Stock Position in Science Applications International Co. (NYSE:SAIC)

Securian Asset Management Inc. cut its holdings in Science Applications International Co. (NYSE:SAIC) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,743 shares of the information technology services provider’s stock after selling 240 shares during the quarter. Securian Asset Management Inc.’s holdings in Science Applications International were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAIC. State Street Corp lifted its position in shares of Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after acquiring an additional 15,166 shares during the period. Geode Capital Management LLC increased its stake in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after purchasing an additional 31,374 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after purchasing an additional 6,780 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after buying an additional 76,204 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Up 7.2 %

SAIC opened at $111.90 on Tuesday. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The firm has a market capitalization of $5.47 billion, a P/E ratio of 18.87 and a beta of 0.66. The company’s 50-day moving average is $107.40 and its 200 day moving average is $122.98. 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 (NYSE:SAIC) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. Research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Activity

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred 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 $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of research reports. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group began coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. The Goldman Sachs Group lowered their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $136.11.

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.