Science Applications International Co. $SAIC Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its position in shares of Science Applications International Co. (NYSE:SAIC) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 813,791 shares of the information technology services provider’s stock after selling 41,190 shares during the quarter. Van ECK Associates Corp owned approximately 1.77% of Science Applications International worth $80,866,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management raised its stake in shares of Science Applications International by 20.2% in the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the information technology services provider’s stock valued at $155,518,000 after purchasing an additional 263,006 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Science Applications International by 229.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the information technology services provider’s stock valued at $6,901,000 after buying an additional 48,359 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Science Applications International in the second quarter valued at about $391,000. Allspring Global Investments Holdings LLC raised its stake in Science Applications International by 13.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the information technology services provider’s stock valued at $18,229,000 after buying an additional 21,124 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Science Applications International by 76.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 219,655 shares of the information technology services provider’s stock worth $21,827,000 after buying an additional 94,978 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SAIC has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup raised their price target on shares of Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. UBS Group boosted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Finally, The Goldman Sachs Group cut their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.44.

Insider Buying and Selling at Science Applications International

In other news, CEO James Reagan purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the completion of the purchase, the chief executive officer directly owned 26,460 shares of the company’s stock, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Science Applications International Stock Performance

SAIC stock opened at $90.52 on Wednesday. The firm has a 50 day simple moving average of $99.00 and a 200 day simple moving average of $98.83. 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 52 week low of $81.08 and a 52 week high of $124.11. The stock has a market cap of $4.08 billion, a P/E ratio of 15.26 and a beta of 0.31.

Science Applications International Company Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.