Pacer Advisors Inc. Sells 140 Shares of Science Applications International Co. (NYSE:SAIC)

Pacer Advisors Inc. cut its stake in shares of Science Applications International Co. (NYSE:SAIC) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,381 shares of the information technology services provider’s stock after selling 140 shares during the period. Pacer Advisors Inc.’s holdings in Science Applications International were worth $825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in Science Applications International by 36,732.4% during the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares during the period. Van ECK Associates Corp boosted its stake in shares of Science Applications International by 21.9% during the 3rd 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 period. Millennium Management LLC raised its position in Science Applications International by 55.1% in the 2nd 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 period. Sanctuary Advisors LLC purchased a new position in Science Applications International during the 2nd quarter valued at $2,963,000. Finally, Systematic Financial Management LP increased its position in shares of Science Applications International by 9.2% during 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 acquiring an additional 19,446 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SAIC shares. UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. The Goldman Sachs Group cut their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. TD Cowen lowered shares of 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 report on Wednesday, January 8th. Finally, Citigroup raised their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.38.

Insider Activity at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at $807,892.80. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC stock opened at $107.48 on Tuesday. 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 company’s fifty day moving average price is $114.97 and its two-hundred day moving average price is $127.43. The firm has a market capitalization of $5.25 billion, a P/E ratio of 18.12 and a beta of 0.66. Science Applications International Co. has a 12 month low of $104.36 and a 12 month high of $156.34.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.37 dividend. 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 1.38%. Science Applications International’s dividend payout ratio (DPR) is 24.96%.

About Science Applications International

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.