SG Americas Securities LLC Sells 365 Shares of Science Applications International Co. (NYSE:SAIC)

SG Americas Securities LLC decreased its holdings in shares of Science Applications International Co. (NYSE:SAICFree Report) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,776 shares of the information technology services provider’s stock after selling 365 shares during the period. SG Americas Securities LLC’s holdings in Science Applications International were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIC. International Assets Investment Management LLC boosted its holdings 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 acquiring an additional 245,005 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Science Applications International by 21.9% in 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 purchasing an additional 44,990 shares during the last quarter. Millennium Management LLC raised its stake in shares of Science Applications International by 55.1% in the second quarter. Millennium Management LLC now owns 64,703 shares of the information technology services provider’s stock worth $7,606,000 after purchasing an additional 22,995 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Science Applications International in the second quarter worth approximately $2,963,000. Finally, Systematic Financial Management LP raised its stake in shares of Science Applications International by 9.2% in the third quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider’s stock worth $32,033,000 after purchasing an additional 19,446 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $108.28 on Monday. Science Applications International Co. has a one year low of $104.36 and a one year high of $156.34. The stock’s fifty day moving average is $114.97 and its 200 day moving average is $127.40. The stock has a market cap of $5.29 billion, a P/E ratio of 18.26 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.37%. Science Applications International’s payout ratio is 24.96%.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased 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 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 disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SAIC has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Citigroup lifted their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group dropped their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average target price of $139.38.

Check Out Our Latest Stock Report on Science Applications International

About Science Applications International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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