Principal Financial Group Inc. Has $12.69 Million Position in Science Applications International Co. (NYSE:SAIC)

Principal Financial Group Inc. lowered its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,560 shares of the information technology services provider's stock after selling 5,007 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Science Applications International worth $12,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock valued at $219,734,000 after buying an additional 15,166 shares in the last quarter. Geode Capital Management LLC raised its holdings in Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock valued at $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Science Applications International by 1.3% during the 3rd 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 acquiring an additional 6,780 shares during the period. Van ECK Associates Corp lifted its position in shares of Science Applications International by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock valued at $36,529,000 after acquiring an additional 76,204 shares during the period. Finally, Systematic Financial Management LP grew its holdings in shares of Science Applications International by 9.2% during the 3rd quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider's stock worth $32,033,000 after purchasing an additional 19,446 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 Price Performance

SAIC traded down $3.14 on Monday, reaching $95.65. The stock had a trading volume of 646,424 shares, compared to its average volume of 632,339. The firm has a 50-day moving average of $108.91 and a 200-day moving average of $124.70. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 16.13 and a beta of 0.66. 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 announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given 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 1.55%. Science Applications International's dividend payout ratio is presently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 transaction, the director now directly owns 6,864 shares of the company's stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barbara Supplee purchased 425 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost 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 trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of analyst reports. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and dropped their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group initiated coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 target price for the company. 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. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group decreased their price target on 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus price target of $136.11.

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.