Captrust Financial Advisors Sells 269 Shares of Science Applications International Co. (NYSE:SAIC)

Captrust Financial Advisors cut its stake in Science Applications International Co. (NYSE:SAIC) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,156 shares of the information technology services provider’s stock after selling 269 shares during the period. Captrust Financial Advisors’ holdings in Science Applications International were worth $300,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new position in Science Applications International in the 2nd quarter worth about $27,000. UMB Bank n.a. boosted its holdings in shares of Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC grew its stake in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp increased its holdings in Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the period. Finally, CWM LLC increased its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Buying and Selling

In other news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen increased their price target on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. UBS Group started coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday. Finally, Truist Financial increased their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Trading Down 0.4 %

Shares of NYSE:SAIC opened at $113.06 on Friday. The business’s 50-day moving average is $135.27 and its 200 day moving average is $128.65. 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 Co. has a 1 year low of $111.34 and a 1 year high of $156.34. The firm has a market capitalization of $5.53 billion, a P/E ratio of 19.07 and a beta of 0.64.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s payout ratio is currently 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.