Empowered Funds LLC Buys 874 Shares of Science Applications International Co. (NYSE:SAIC)

Empowered Funds LLC grew its stake in Science Applications International Co. (NYSE:SAIC) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,549 shares of the information technology services provider’s stock after purchasing an additional 874 shares during the quarter. Empowered Funds LLC’s holdings in Science Applications International were worth $620,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares during the period. Geode Capital Management LLC increased its position in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after acquiring an additional 18,102 shares during the period. Charles Schwab Investment Management Inc. increased its position in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after acquiring an additional 6,780 shares during the period. Van ECK Associates Corp increased its position in Science Applications International by 21.9% during 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 acquiring an additional 44,990 shares during the period. Finally, International Assets Investment Management LLC increased 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 worth $34,215,000 after acquiring an additional 245,005 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Trading Up 2.2 %

SAIC opened at $103.13 on Wednesday. The company’s 50 day moving average is $111.13 and its 200-day moving average is $126.03. Science Applications International Co. has a 1-year low of $99.32 and a 1-year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market cap of $5.04 billion, a P/E ratio of 17.39 and a beta of 0.66.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.44%. Science Applications International’s payout ratio is currently 24.96%.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts recently commented on SAIC shares. Wells Fargo & Company lowered their price target on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group started coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. JPMorgan Chase & Co. lowered 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 report on Friday, December 6th. The Goldman Sachs Group lowered their price target on shares of 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. Finally, TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One equities research 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.com, the company has a consensus rating of “Hold” and an average target price of $137.22.

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.