Oregon Public Employees Retirement Fund Has $1.13 Million Holdings in Science Applications International Co. (NYSE:SAIC)

Oregon Public Employees Retirement Fund cut its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.8% in the fourth quarter, Holdings Channel reports. 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 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of 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 worth $58,497,000 after purchasing an additional 31,374 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Science Applications International during the fourth quarter worth about $1,629,000. Abound Financial LLC bought a new position in Science Applications International during the fourth quarter worth about $497,000. ING Groep NV bought a new position in Science Applications International during the fourth quarter worth about $3,912,000. Finally, Hussman Strategic Advisors Inc. bought a new position in Science Applications International during the fourth quarter worth about $704,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Science Applications International Price Performance

NYSE:SAIC opened at $98.79 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day simple moving average is $108.91 and its 200 day simple moving average is $124.69. The company has a market cap of $4.83 billion, a P/E ratio of 16.66 and a beta of 0.66. Science Applications International Co. has a 52-week low of $95.59 and a 52-week high of $156.34.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Activity 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 that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Barbara Supplee purchased 425 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

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.