Oregon Public Employees Retirement Fund Sells 290 Shares of Science Applications International Co. (NYSE:SAIC)

Oregon Public Employees Retirement Fund lowered its position in Science Applications International Co. (NYSE:SAIC) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,119 shares of the information technology services provider’s stock after selling 290 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Science Applications International were worth $1,131,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SAIC. Van ECK Associates Corp lifted its position in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after acquiring an additional 76,204 shares during the period. ING Groep NV bought a new stake in shares of Science Applications International in the 4th quarter worth approximately $3,912,000. Bank of New York Mellon Corp lifted its position in shares of Science Applications International by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock worth $58,497,000 after acquiring an additional 31,374 shares during the period. Ieq Capital LLC bought a new stake in shares of Science Applications International in the 4th quarter worth approximately $2,670,000. Finally, Systematic Financial Management LP lifted its position in shares of Science Applications International by 9.2% in the 3rd quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider’s stock worth $32,033,000 after acquiring an additional 19,446 shares during the period. Institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

SAIC has been the subject of several analyst reports. The Goldman Sachs Group cut their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company cut their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research report on Wednesday. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $136.11.

Insider Activity at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Barbara Supplee bought 425 shares of the stock in a transaction dated 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 purchase, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Science Applications International Trading Down 1.8 %

SAIC stock opened at $98.79 on Friday. The business has a fifty day moving average price of $108.91 and a 200 day moving average price of $124.69. Science Applications International Co. has a fifty-two week low of $95.59 and a fifty-two week high of $156.34. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 16.66 and a beta of 0.66. 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 firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued 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 1.50%. Science Applications International’s dividend payout ratio is 24.96%.

Science Applications International 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.