State Street Corp Grows Position in Science Applications International Co. (NYSE:SAIC)

State Street Corp raised its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,577,757 shares of the information technology services provider's stock after buying an additional 15,166 shares during the quarter. State Street Corp owned about 3.19% of Science Applications International worth $219,734,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. CWM LLC increased its stake in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 147 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Science Applications International by 16.3% in the second quarter. SG Americas Securities LLC now owns 10,845 shares of the information technology services provider's stock worth $1,275,000 after acquiring an additional 1,518 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Science Applications International by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider's stock worth $485,000 after purchasing an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Science Applications International during the second quarter valued at $201,000. Finally, Triad Wealth Partners LLC purchased a new stake in Science Applications International in the second quarter valued at $219,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SAIC shares. Barclays boosted their target price 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. Truist Financial boosted their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective on the stock. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.38.

Science Applications International Stock Up 0.7 %

Shares of NYSE SAIC traded up $0.82 during midday trading on Thursday, hitting $114.29. The company's stock had a trading volume of 252,086 shares, compared to its average volume of 327,008. Science Applications International Co. has a 1 year low of $111.34 and a 1 year high of $156.34. The business's fifty day simple moving average is $136.53 and its two-hundred day simple moving average is $128.97. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 19.19 and a beta of 0.64. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's dividend payout ratio is currently 24.96%.

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.