Science Applications International Co. (NYSE:SAIC) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 523,326 shares of the information technology services provider's stock after purchasing an additional 31,374 shares during the period. Bank of New York Mellon Corp owned approximately 1.07% of Science Applications International worth $58,497,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew 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 buying an additional 4,939 shares in the last quarter. Empowered Funds LLC grew 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 buying an additional 874 shares in the last quarter. Seizert Capital Partners LLC grew its position in shares of Science Applications International by 36.3% during the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider's stock worth $5,404,000 after buying an additional 10,326 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Science Applications International during the fourth quarter worth approximately $312,000. Finally, Van ECK Associates Corp grew its position in shares of Science Applications International by 21.9% during the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider's stock worth $36,070,000 after buying an additional 44,990 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

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Insider Activity at Science Applications International

In related news, EVP Barbara Supplee acquired 425 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Science Applications International Stock Performance

Shares of SAIC traded up $9.09 during midday trading on Friday, hitting $111.25. 1,886,334 shares of the stock traded hands, compared to its average volume of 692,576. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The business's 50 day moving average price is $108.03 and its two-hundred day moving average price is $123.91. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $5.44 billion, a PE ratio of 18.76 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International's dividend payout ratio is currently 24.96%.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of research reports. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group decreased their price objective on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a report on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Science Applications International from $149.00 to $139.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $136.11.

Science Applications International 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.