Science Applications International Co. (NYSE:SAIC) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC grew its position in Science Applications International Co. (NYSE:SAIC) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,509 shares of the information technology services provider’s stock after purchasing an additional 679 shares during the quarter. HB Wealth Management LLC’s holdings in Science Applications International were worth $1,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. UMB Bank n.a. raised its stake in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC raised its stake in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares in the last quarter. Quarry LP acquired a new position in Science Applications International during the third quarter worth approximately $71,000. Sunbelt Securities Inc. purchased a new stake in Science Applications International in the second quarter valued at approximately $78,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Science Applications International in the third quarter valued at approximately $121,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SAIC. Wells Fargo & Company reduced their price target on shares of 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. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Citigroup lifted their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus price target of $139.38.

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Stock Down 0.7 %

SAIC opened at $115.87 on Monday. 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 12 month low of $108.90 and a 12 month high of $156.34. The stock has a market capitalization of $5.66 billion, a P/E ratio of 19.54 and a beta of 0.66. The business has a 50 day simple moving average of $118.97 and a 200-day simple moving average of $127.82.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. Science Applications International’s payout ratio is currently 24.96%.

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.