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

Allspring Global Investments Holdings LLC decreased its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,986 shares of the information technology services provider's stock after selling 4,550 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of Science Applications International worth $2,908,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SAIC. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Science Applications International by 4.8% in 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 buying an additional 100 shares during the period. Brookstone Capital Management raised its position in Science Applications International by 7.0% in the fourth quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider's stock worth $272,000 after acquiring an additional 160 shares in the last quarter. Blue Trust Inc. lifted its holdings in Science Applications International by 12.1% in the 3rd quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider's stock valued at $214,000 after acquiring an additional 165 shares during the last quarter. KBC Group NV boosted its position in shares of Science Applications International by 15.3% during the 3rd quarter. KBC Group NV now owns 1,474 shares of the information technology services provider's stock valued at $205,000 after purchasing an additional 196 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 76.00% of the company's stock.

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Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares in the company, valued at $807,892.80. This represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Barbara Supplee bought 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $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. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SAIC shares. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. UBS Group initiated coverage on 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. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. decreased 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 research note on Friday, December 6th. Finally, Wells Fargo & Company cut their target price on shares of Science Applications International from $154.00 to $149.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $137.22.

Science Applications International Stock Up 1.8 %

NYSE:SAIC traded up $1.76 during mid-day trading on Tuesday, reaching $100.64. The stock had a trading volume of 715,941 shares, compared to its average volume of 633,884. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $4.92 billion, a P/E ratio of 16.97 and a beta of 0.66. Science Applications International Co. has a fifty-two week low of $95.86 and a fifty-two week high of $156.34. The business's 50 day moving average is $109.56 and its 200 day moving average is $125.19.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, January 10th. Science Applications International's dividend payout ratio is presently 24.96%.

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.