Assetmark Inc. Increases Stock Position in Science Applications International Co. (NYSE:SAIC)

Assetmark Inc. raised its holdings in Science Applications International Co. (NYSE:SAIC) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,733 shares of the information technology services provider’s stock after purchasing an additional 2,225 shares during the quarter. Assetmark Inc.’s holdings in Science Applications International were worth $25,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new stake in Science Applications International in the 4th quarter valued at approximately $28,000. Quarry LP purchased a new stake in Science Applications International in the 3rd quarter valued at approximately $71,000. Jones Financial Companies Lllp boosted its stake in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares in the last quarter. Covestor Ltd boosted its stake in shares of Science Applications International by 45.1% during the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after acquiring an additional 421 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Science Applications International during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Insider Buying and Selling 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 on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAIC shares. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group decreased their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company cut their price objective on Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned 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, the company presently has a consensus rating of “Hold” and a consensus target price of $136.11.

Science Applications International Trading Up 1.6 %

Shares of SAIC opened at $102.63 on Thursday. The stock has a fifty day moving average of $108.22 and a two-hundred day moving average of $124.17. 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 company has a market capitalization of $5.02 billion, a PE ratio of 17.31 and a beta of 0.66. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34.

Science Applications International Announces Dividend

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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.44%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

About Science Applications International

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.