Science Applications International Co. (NYSE:SAIC) Stake Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Science Applications International Co. (NYSE:SAIC) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,683 shares of the information technology services provider’s stock after selling 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Science Applications International were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its position in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after purchasing an additional 87 shares during the period. Bank of Montreal Can grew its stake in shares of Science Applications International by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Science Applications International by 7.0% in the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 160 shares in the last quarter. Blue Trust Inc. lifted its stake in Science Applications International by 12.1% during the third quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock valued at $214,000 after purchasing an additional 165 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 0.7 %

SAIC opened at $106.62 on Thursday. The company has a market capitalization of $5.21 billion, a PE ratio of 17.98 and a beta of 0.66. The business has a 50-day moving average of $115.93 and a 200-day moving average of $127.71. Science Applications International Co. has a fifty-two week low of $104.36 and a fifty-two week 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business’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 completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost 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 in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SAIC. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. 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 research report on Friday, December 6th. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, Citigroup upped their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. 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 issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $139.38.

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.