Van ECK Associates Corp Boosts Stake in Science Applications International Co. (NYSE:SAIC)

Van ECK Associates Corp grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 30.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 326,793 shares of the information technology services provider's stock after purchasing an additional 76,204 shares during the period. Van ECK Associates Corp owned approximately 0.67% of Science Applications International worth $36,529,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SAIC. State Street Corp lifted its holdings in 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 during the period. Geode Capital Management LLC lifted its stake 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 valued at $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock worth $72,269,000 after purchasing an additional 6,780 shares during the last quarter. International Assets Investment Management LLC increased its stake in Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock valued at $34,215,000 after buying an additional 245,005 shares during the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Science Applications International by 9.2% during the third quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider's stock valued at $32,033,000 after acquiring an additional 19,446 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Barbara Supplee bought 425 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Science Applications International Stock Up 0.7 %

SAIC stock traded up $0.71 during trading on Monday, hitting $100.93. 808,140 shares of the stock traded hands, compared to its average volume of 572,579. The firm's 50 day moving average is $111.43 and its two-hundred day moving average is $126.19. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 17.02 and a beta of 0.66. Science Applications International Co. has a 1 year low of $99.32 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, January 10th. Science Applications International's payout ratio is currently 24.96%.

Analyst Ratings Changes

A number of research analysts have weighed in on SAIC shares. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and reduced their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. UBS Group started coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a "neutral" rating and a $134.00 target price for the company. Finally, Wells Fargo & Company cut their price objective on Science Applications International from $154.00 to $149.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $137.22.

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.