Geode Capital Management LLC Grows Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Geode Capital Management LLC boosted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 985,105 shares of the information technology services provider's stock after purchasing an additional 18,102 shares during the period. Geode Capital Management LLC owned about 1.99% of Science Applications International worth $137,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new stake in shares of Science Applications International in the second quarter valued at approximately $27,000. UMB Bank n.a. raised its position in Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp increased its holdings in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 84 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 147 shares during the period. 76.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the business's stock in a transaction 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 completion of the acquisition, the executive vice president now 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAIC. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They set a "neutral" rating and a $134.00 price objective on the stock. Barclays raised 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. The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a report on Thursday, December 12th. Citigroup lifted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, TD Cowen upped their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Science Applications International currently has an average rating of "Moderate Buy" and an average target price of $144.38.

Science Applications International Trading Down 0.2 %

Shares of NYSE SAIC traded down $0.24 during trading hours on Tuesday, hitting $114.38. The company's stock had a trading volume of 511,966 shares, compared to its average volume of 330,117. The business has a 50-day simple moving average of $134.11 and a 200-day simple moving average of $128.34. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 19.29 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 12 month low of $111.34 and a 12 month high of $156.34.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.29%. Science Applications International's payout ratio is 24.96%.

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.