Blue Trust Inc. Grows Holdings in Science Applications International Co. (NYSE:SAIC)

Blue Trust Inc. increased its stake in Science Applications International Co. (NYSE:SAIC) by 35.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,082 shares of the information technology services provider’s stock after buying an additional 549 shares during the period. Blue Trust Inc.’s holdings in Science Applications International were worth $233,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the period. Marshall Wace LLP acquired a new position in shares of Science Applications International in the 2nd quarter valued at about $909,000. Millennium Management LLC grew its position in shares of Science Applications International by 55.1% during the 2nd quarter. Millennium Management LLC now owns 64,703 shares of the information technology services provider’s stock valued at $7,606,000 after buying an additional 22,995 shares during the last quarter. Algert Global LLC acquired a new stake in Science Applications International during the second quarter worth about $611,000. Finally, Cetera Investment Advisers lifted its holdings in Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Price Performance

NYSE SAIC opened at $107.48 on Tuesday. Science Applications International Co. has a 12 month low of $104.36 and a 12 month high of $156.34. The firm has a market capitalization of $5.25 billion, a PE ratio of 18.12 and a beta of 0.66. The company’s 50 day simple moving average is $114.97 and its 200 day simple moving average is $127.43. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Transactions at Science Applications International

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SAIC shares. Citigroup increased their price target on 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 research note on Wednesday, December 18th. UBS Group began coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.38.

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.