Principal Financial Group Inc. Sells 52,155 Shares of Science Applications International Co. (NYSE:SAIC)

Principal Financial Group Inc. lowered its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,567 shares of the information technology services provider's stock after selling 52,155 shares during the quarter. Principal Financial Group Inc. owned about 0.24% of Science Applications International worth $16,513,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. State Street Corp increased its stake in shares of Science Applications International by 1.0% in the 3rd 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 during the period. Dimensional Fund Advisors LP increased its position in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock worth $130,333,000 after purchasing an additional 56,414 shares during the period. Geode Capital Management LLC raised its holdings in Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock worth $137,227,000 after purchasing an additional 18,102 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Science Applications International by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider's stock valued at $65,511,000 after purchasing an additional 25,807 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 6,780 shares during the period. Institutional investors own 76.00% of the company's stock.

Science Applications International Trading Down 0.5 %

Shares of Science Applications International stock traded down $0.52 during trading hours 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 PE ratio of 18.74 and a beta of 0.64. 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 50 day moving average of $128.58 and a 200 day moving average of $127.94. Science Applications International Co. has a 12 month low of $108.90 and a 12 month high of $156.34.

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 issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International's dividend payout ratio (DPR) is currently 24.96%.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Monday, September 16th. Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, September 6th. JPMorgan Chase & Co. decreased 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. TD Cowen raised Science Applications International to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group decreased their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $144.38.

Insider Buying and Selling at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased 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 owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.67% of the company's stock.

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.