Science Applications International Co. (NYSE:SAIC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,306 shares of the information technology services provider's stock after selling 11,377 shares during the period. JPMorgan Chase & Co. owned 0.44% of Science Applications International worth $29,846,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SAIC. Larson Financial Group LLC purchased a new stake in shares of Science Applications International during the second quarter valued at $27,000. UMB Bank n.a. grew its stake in Science Applications International by 438.5% in 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 during the period. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Quarry LP acquired a new position in shares of Science Applications International during the third quarter valued at approximately $71,000. Finally, Sunbelt Securities Inc. acquired a new stake in Science Applications International during the 2nd quarter worth $78,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on SAIC shares. Citigroup boosted their price objective 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 assumed coverage on Science Applications International in a research report on Monday, December 2nd. They set a "neutral" rating and a $134.00 price objective on the stock. Barclays raised their price target 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. JPMorgan Chase & Co. reduced their price objective on 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, TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the company from $155.00 to $120.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International presently has an average rating of "Hold" and an average price target of $139.38.

Science Applications International Trading Down 0.2 %

Shares of SAIC stock traded down $0.19 on Wednesday, reaching $113.76. 545,688 shares of the stock were exchanged, compared to its average volume of 415,753. Science Applications International Co. has a 1-year low of $108.90 and a 1-year high of $156.34. The stock has a market cap of $5.56 billion, a P/E ratio of 19.18 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $124.03 and a two-hundred day moving average of $127.88.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's dividend payout ratio is presently 24.96%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of Science Applications International 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 approximately $416,452.44. This trade represents a 13.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate 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.