State of Alaska Department of Revenue Has $3.72 Million Holdings in Science Applications International Co. (NYSE:SAIC)

State of Alaska Department of Revenue grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 58.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,249 shares of the information technology services provider's stock after purchasing an additional 12,300 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of Science Applications International worth $3,716,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAIC. UMB Bank n.a. raised its position in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 203 shares during the period. Quarry LP acquired a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $71,000. Sound Income Strategies LLC acquired a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $121,000. Finally, Covestor Ltd raised its position in shares of Science Applications International by 45.1% in the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider's stock valued at $189,000 after acquiring an additional 421 shares during the period. Institutional investors own 76.00% of the company's stock.

Insider Activity at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company's stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction 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 completion of the transaction, the executive vice president now owns 3,579 shares of the company's stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Down 1.1 %

Shares of NYSE:SAIC traded down $1.17 during midday trading on Wednesday, hitting $103.93. The stock had a trading volume of 562,848 shares, compared to its average volume of 577,223. Science Applications International Co. has a 12 month low of $102.75 and a 12 month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business's 50-day simple moving average is $112.58 and its 200-day simple moving average is $126.65. The company has a market cap of $5.08 billion, a P/E ratio of 17.53 and a beta of 0.66.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Science Applications International's dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

A number of analysts recently weighed in on SAIC shares. UBS Group began coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Science Applications International from $154.00 to $149.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Cantor Fitzgerald assumed coverage on shares of Science Applications International in a report on Friday, February 7th. They set a "neutral" rating and a $120.00 target price on the stock. Finally, StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $137.22.

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.