Victory Capital Management Inc. Grows Position in Science Applications International Co. (NYSE:SAIC)

Victory Capital Management Inc. increased its position in Science Applications International Co. (NYSE:SAIC) by 851.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 148,588 shares of the information technology services provider’s stock after purchasing an additional 132,976 shares during the quarter. Victory Capital Management Inc. owned approximately 0.30% of Science Applications International worth $16,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after buying an additional 15,166 shares during the last quarter. Geode Capital Management LLC raised its stake in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after buying an additional 31,374 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after buying an additional 6,780 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after buying an additional 76,204 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price target on Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. UBS Group assumed coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $136.11.

Science Applications International Stock Down 1.5 %

Science Applications International stock opened at $104.65 on Thursday. The stock has a market cap of $5.12 billion, a PE ratio of 17.65 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock has a fifty day moving average of $107.79 and a 200 day moving average of $123.48.

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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

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.