6,198 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, Holdings Channel reports. The firm bought 6,198 shares of the information technology services provider’s stock, valued at approximately $693,000.

A number of other large investors have also recently made changes to their positions in SAIC. Farther Finance Advisors LLC lifted its position in shares of Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after acquiring an additional 4,939 shares in the last quarter. Seizert Capital Partners LLC lifted its position in Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after buying an additional 10,326 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Science Applications International in the 4th quarter worth about $312,000. Van ECK Associates Corp lifted its stake in Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its stake in shares of Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after acquiring an additional 2,946 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. 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 objective on the stock. Cantor Fitzgerald started coverage on shares of Science Applications International in a research report on Friday, February 7th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, The Goldman Sachs Group cut 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 report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.22.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $103.30 on Thursday. The business’s 50 day moving average price is $110.87 and its 200 day moving average price is $125.89. The firm has a market cap of $5.05 billion, a P/E ratio of 17.42 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52 week low of $99.32 and a 52 week high of $156.34.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.43%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is 24.96%.

Insider Buying and Selling at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Barbara Supplee purchased 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at $416,452.44. This 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 Company 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.