Science Applications International Co. (NYSE:SAIC) Position Trimmed by Barclays PLC

Barclays PLC reduced its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,336 shares of the information technology services provider's stock after selling 6,774 shares during the period. Barclays PLC owned 0.09% of Science Applications International worth $6,453,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SAIC. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 4,939 shares during the last quarter. Seizert Capital Partners LLC grew its holdings in shares of Science Applications International by 36.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider's stock worth $5,404,000 after purchasing an additional 10,326 shares during the period. Van ECK Associates Corp increased its position in Science Applications International by 21.9% during the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider's stock worth $36,070,000 after purchasing an additional 44,990 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its holdings in Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider's stock valued at $1,787,000 after buying an additional 4,796 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Science Applications International by 36,732.4% during the third 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 in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAIC shares. Citigroup increased their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective 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. 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. Finally, TD Cowen upgraded Science Applications International to a "strong-buy" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International has a consensus rating of "Moderate Buy" and an average price target of $144.38.

Science Applications International Stock Up 1.2 %

Shares of NYSE SAIC traded up $1.31 during midday trading on Friday, reaching $111.42. 1,878,095 shares of the company's stock were exchanged, compared to its average volume of 339,433. The stock has a market capitalization of $5.45 billion, a PE ratio of 18.79 and a beta of 0.64. Science Applications International Co. has a 52-week low of $108.90 and a 52-week high of $156.34. 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 business's fifty day moving average price is $132.15 and its two-hundred day moving average price is $128.05.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's payout ratio is 24.96%.

Insider Activity

In other news, EVP Barbara Supplee acquired 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.67% of the company's stock.

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.