2,789 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,789 shares of the information technology services provider's stock, valued at approximately $312,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its stake 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 worth $219,734,000 after purchasing an additional 15,166 shares during the period. Geode Capital Management LLC boosted its holdings in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock worth $137,227,000 after buying an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock valued at $72,269,000 after buying an additional 6,780 shares during the period. Van ECK Associates Corp increased its holdings in Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider's stock valued at $36,070,000 after buying an additional 44,990 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock worth $34,215,000 after acquiring an additional 245,005 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAIC has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. The Goldman Sachs Group cut their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Citigroup upped their target price on Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. UBS Group began coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price target on the stock. Finally, StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International has an average rating of "Hold" and an average price target of $139.38.

Science Applications International Price Performance

SAIC traded down $0.98 on Friday, hitting $108.28. 534,433 shares of the company's stock were exchanged, compared to its average volume of 519,671. Science Applications International Co. has a fifty-two week low of $104.36 and a fifty-two week high of $156.34. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 18.26 and a beta of 0.66. The firm has a 50-day moving average price of $114.97 and a 200-day moving average price of $127.37. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid 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 1.37%. Science Applications International's dividend payout ratio is presently 24.96%.

Insider Buying and Selling at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of the company's 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 completion of the acquisition, the executive vice president now owns 3,579 shares of the company's stock, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm's 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 owns 6,864 shares of the company's stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is 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.