Science Applications International Co. (NYSE:SAIC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Science Applications International Co. (NYSE:SAIC) by 30.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 326,793 shares of the information technology services provider’s stock after buying an additional 76,204 shares during the period. Van ECK Associates Corp owned 0.67% of Science Applications International worth $36,529,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in Science Applications International by 30,868.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after acquiring an additional 4,939 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in shares of Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after purchasing an additional 10,326 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $312,000. Pure Financial Advisors LLC lifted its holdings in shares of Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in shares of Science Applications International by 59.7% during the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after purchasing an additional 4,796 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $100.22 on Friday. The firm has a 50 day moving average of $112.18 and a 200-day moving average of $126.49. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 16.90 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12-month low of $99.32 and a 12-month high of $156.34.

Science Applications International Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.48%. Science Applications International’s dividend payout ratio is presently 24.96%.

Analysts Set New Price Targets

Several brokerages have issued reports on SAIC. TD Cowen cut shares of 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 note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered their price objective 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. Finally, Wells Fargo & Company cut their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Science Applications International has an average rating of “Hold” and an average target price of $137.22.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of the company’s 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 completion of the purchase, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This represents 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 owned by company insiders.

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.