Amalgamated Bank Sells 841 Shares of Science Applications International Co. (NYSE:SAIC)

Amalgamated Bank trimmed its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,596 shares of the information technology services provider’s stock after selling 841 shares during the period. Amalgamated Bank’s holdings in Science Applications International were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in Science Applications International during the third quarter worth $71,000. Covestor Ltd boosted its position in 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 valued at $189,000 after acquiring an additional 421 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Science Applications International in the 3rd quarter valued at $200,000. Finally, Forum Financial Management LP bought a new position in shares of Science Applications International in the 3rd quarter worth $204,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group began coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $136.11.

Insider Activity at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at $807,892.80. This represents 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 the SEC website. Also, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now 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 insiders.

Science Applications International Stock Performance

Shares of 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 has a 50-day moving average of $108.91 and a two-hundred day moving average of $124.69. The stock 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 one year low of $95.59 and a one year high of $156.34.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is 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.