Sanctuary Advisors LLC Has $3.15 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

Sanctuary Advisors LLC reduced its position in shares of Science Applications International Co. (NYSE:SAIC) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,617 shares of the information technology services provider’s stock after selling 265 shares during the period. Sanctuary Advisors LLC’s holdings in Science Applications International were worth $3,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIC. International Assets Investment Management LLC boosted its stake in Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after purchasing an additional 245,005 shares in the last quarter. Van ECK Associates Corp boosted its stake in Science Applications International by 122.7% in the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock worth $24,168,000 after purchasing an additional 113,260 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after purchasing an additional 56,414 shares in the last quarter. American Century Companies Inc. boosted its stake in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after purchasing an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Science Applications International by 9.7% in the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after purchasing an additional 27,664 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought 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. The trade was a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group assumed coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Wells Fargo & Company upped their price target on Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Barclays upped their price target on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. Finally, Citigroup upped their price target 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Trading Down 0.2 %

NYSE:SAIC opened at $114.38 on Wednesday. Science Applications International Co. has a 1-year low of $111.34 and a 1-year high of $156.34. The business’s 50-day moving average price is $134.11 and its two-hundred day moving average price is $128.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 19.29 and a beta of 0.64.

Science Applications International Announces Dividend

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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s payout ratio 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.