Brookstone Capital Management Buys 160 Shares of Science Applications International Co. (NYSE:SAIC)

Brookstone Capital Management boosted its stake in shares of Science Applications International Co. (NYSE:SAIC) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,430 shares of the information technology services provider’s stock after purchasing an additional 160 shares during the quarter. Brookstone Capital Management’s holdings in Science Applications International were worth $272,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Oddo BHF Asset Management Sas bought a new stake in Science Applications International during the third quarter worth approximately $1,713,000. Tidal Investments LLC bought a new stake in Science Applications International during the third quarter worth approximately $200,000. TD Private Client Wealth LLC boosted its position in shares of Science Applications International by 53.6% in the third quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 532 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of Science Applications International by 42.0% in the third quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider’s stock valued at $1,063,000 after acquiring an additional 2,260 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Science Applications International in the third quarter valued at approximately $249,000. Institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SAIC shares. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price objective on 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. Citigroup increased their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $139.38.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease 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. Also, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the acquisition, 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 corporate insiders.

Science Applications International Stock Performance

Science Applications International stock opened at $115.87 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a fifty day moving average price of $118.97 and a two-hundred day moving average price of $127.74. Science Applications International Co. has a 52-week low of $108.90 and a 52-week high of $156.34. The firm has a market capitalization of $5.66 billion, a P/E ratio of 19.54 and a beta of 0.66.

Science Applications International Dividend Announcement

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