ING Groep NV Takes Position in Science Applications International Co. (NYSE:SAIC)

ING Groep NV bought a new position in shares of Science Applications International Co. (NYSE:SAIC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,000 shares of the information technology services provider’s stock, valued at approximately $3,912,000. ING Groep NV owned 0.07% of Science Applications International as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new position in Science Applications International in the 4th quarter valued at $28,000. Quarry LP acquired a new position in shares of Science Applications International in the third quarter valued at about $71,000. Covestor Ltd increased its position in Science Applications International by 45.1% during the third quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after acquiring an additional 421 shares during the period. Tidal Investments LLC acquired a new stake in Science Applications International in the 3rd quarter worth about $200,000. Finally, Fonville Wealth Management LLC bought a new stake in Science Applications International in the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Down 4.8 %

SAIC stock opened at $97.84 on Friday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 16.50 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $110.15 and a 200-day moving average price of $125.42. Science Applications International Co. has a 12 month low of $96.79 and a 12 month high of $156.34.

Science Applications International Announces Dividend

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 $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 yield of 1.51%. Science Applications International’s dividend payout ratio is currently 24.96%.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of the stock in a transaction dated 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 purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, 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. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group started coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on 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. Wells Fargo & Company dropped their price target on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued 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.com, the stock currently has an average rating of “Hold” and an average target price of $137.22.

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.