ING Groep NV Invests $3.91 Million in Science Applications International Co. (NYSE:SAIC)

ING Groep NV bought a new stake in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, Holdings Channel.com reports. The firm bought 35,000 shares of the information technology services provider’s stock, valued at approximately $3,912,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAIC. Blue Trust Inc. increased its position in shares of Science Applications International by 12.1% during the third quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock worth $214,000 after buying an additional 165 shares during the period. Raymond James & Associates grew its holdings in Science Applications International by 4.9% during the 3rd quarter. Raymond James & Associates now owns 76,873 shares of the information technology services provider’s stock worth $10,706,000 after acquiring an additional 3,598 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Science Applications International by 60.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 30,536 shares of the information technology services provider’s stock worth $4,253,000 after acquiring an additional 11,512 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Science Applications International in the 3rd quarter valued at about $210,000. Finally, International Assets Investment Management LLC boosted its position in shares of Science Applications International by 36,732.4% during 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 purchasing an additional 245,005 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction 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 transaction, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

SAIC has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald started coverage on shares of Science Applications International in a report on Friday, February 7th. They set a “neutral” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $137.22.

Science Applications International Stock Down 4.8 %

Science Applications International stock opened at $97.84 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 16.50 and a beta of 0.66. The firm’s fifty day moving average price is $110.15 and its two-hundred day moving average price is $125.42. Science Applications International Co. has a 1-year low of $96.79 and a 1-year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Science Applications International’s dividend payout ratio (DPR) 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.