Nisa Investment Advisors LLC Sells 200 Shares of Science Applications International Co. (NYSE:SAIC)

Nisa Investment Advisors LLC cut its stake in Science Applications International Co. (NYSE:SAIC) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,683 shares of the information technology services provider’s stock after selling 200 shares during the period. Nisa Investment Advisors LLC’s holdings in Science Applications International were worth $300,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after buying an additional 44,990 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Science Applications International by 55.1% during the 2nd quarter. Millennium Management LLC now owns 64,703 shares of the information technology services provider’s stock worth $7,606,000 after acquiring an additional 22,995 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Science Applications International during the 2nd quarter worth about $2,963,000. Finally, Systematic Financial Management LP boosted its position in shares of Science Applications International by 9.2% during the 3rd quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider’s stock valued at $32,033,000 after acquiring an additional 19,446 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective 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. Wells Fargo & Company cut their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Citigroup lifted their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus price target of $139.38.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, 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. 0.67% of the stock is owned by corporate insiders.

Science Applications International Price Performance

Science Applications International stock opened at $106.62 on Thursday. The business’s 50-day simple moving average is $115.93 and its 200 day simple moving average is $127.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 17.98 and a beta of 0.66. Science Applications International Co. has a 12-month low of $104.36 and a 12-month high of $156.34.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 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.