Versor Investments LP Sells 1,894 Shares of Science Applications International Co. (NYSE:SAIC)

Versor Investments LP decreased its stake in Science Applications International Co. (NYSE:SAIC) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,674 shares of the information technology services provider’s stock after selling 1,894 shares during the period. Versor Investments LP’s holdings in Science Applications International were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its stake in shares of Science Applications International by 1.4% during the third quarter. State of Alaska Department of Revenue now owns 20,949 shares of the information technology services provider’s stock valued at $2,917,000 after acquiring an additional 295 shares during the last quarter. Fonville Wealth Management LLC bought a new position in Science Applications International during the third quarter worth $203,000. Farther Finance Advisors LLC raised its stake in Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after buying an additional 4,939 shares during the last quarter. Van ECK Associates Corp raised its stake in Science Applications International by 21.9% during 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 buying an additional 44,990 shares during the last quarter. Finally, Forum Financial Management LP bought a new position in Science Applications International during the third quarter worth $204,000. Institutional investors own 76.00% of the company’s stock.

Insider Activity

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

Science Applications International Stock Down 1.8 %

Shares of NYSE SAIC opened at $98.79 on Friday. The stock has a market capitalization of $4.83 billion, a P/E ratio of 16.66 and a beta of 0.66. The company has a 50-day moving average price of $108.91 and a 200-day moving average price of $124.69. Science Applications International Co. has a 1 year low of $95.59 and a 1 year high of $156.34. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 is currently 24.96%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday. UBS Group started coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus target price of $136.11.

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.