ING Groep NV Acquires New Stake in Science Applications International Co. (NYSE:SAIC)

ING Groep NV purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 35,000 shares of the information technology services provider's stock, valued at approximately $3,912,000. ING Groep NV owned about 0.07% of Science Applications International at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Farther Finance Advisors LLC lifted its position in shares of Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider's stock worth $690,000 after purchasing an additional 4,939 shares in the last quarter. Empowered Funds LLC increased its position in shares of Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after acquiring an additional 874 shares during the period. Seizert Capital Partners LLC raised its stake in shares of Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider's stock valued at $5,404,000 after acquiring an additional 10,326 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in Science Applications International in the fourth quarter valued at $312,000. Finally, Van ECK Associates Corp grew its stake in Science Applications International by 21.9% during the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider's stock worth $36,070,000 after purchasing an additional 44,990 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

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Science Applications International Stock Performance

Shares of Science Applications International stock traded up $0.15 during trading hours on Wednesday, hitting $100.79. 406,425 shares of the company were exchanged, compared to its average volume of 627,734. The business has a 50-day moving average of $109.56 and a 200-day moving average of $125.19. Science Applications International Co. has a 1 year low of $95.86 and a 1 year high of $156.34. 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 stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.00 and a beta of 0.66.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors 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 1.47%. Science Applications International's payout ratio is currently 24.96%.

Insider Buying and Selling at Science Applications International

In other news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now directly owns 6,864 shares of the company's stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. 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 initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a "neutral" rating and a $134.00 price target for the company. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday. Wells Fargo & Company dropped their target price on Science Applications International from $149.00 to $139.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $136.11.

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.