Science Applications International Co. (NYSE:SAIC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 64.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,818 shares of the information technology services provider's stock after selling 12,451 shares during the period. Franklin Resources Inc.'s holdings in Science Applications International were worth $998,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SAIC. Larson Financial Group LLC bought a new position in Science Applications International during the 2nd quarter worth approximately $27,000. UMB Bank n.a. raised its position in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC lifted its stake in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 203 shares during the last quarter. Quarry LP acquired a new position in Science Applications International in the third quarter worth $71,000. Finally, International Assets Investment Management LLC bought a new stake in Science Applications International during the second quarter valued at $78,000. 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 recent research reports. Wells Fargo & Company raised their price target on shares of Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Barclays lifted their target price on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a research note on Monday, September 16th. TD Cowen upgraded Science Applications International to a "strong-buy" rating in a research report on Thursday, December 19th. The Goldman Sachs Group reduced 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $144.38.

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 dated Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares of the company's stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by corporate insiders.

Science Applications International Stock Performance

Shares of NYSE:SAIC traded down $0.52 on Friday, hitting $111.14. The company's stock had a trading volume of 196,051 shares, compared to its average volume of 338,265. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 18.74 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 12 month low of $108.90 and a 12 month high of $156.34. The stock's 50-day moving average is $128.58 and its two-hundred day moving average is $128.02.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International's payout ratio is 24.96%.

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.