SG Americas Securities LLC Reduces Holdings in Science Applications International Co. (NYSE:SAIC)

SG Americas Securities LLC lessened its stake in Science Applications International Co. (NYSE:SAIC) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,776 shares of the information technology services provider’s stock after selling 365 shares during the period. SG Americas Securities LLC’s holdings in Science Applications International were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. increased its stake in 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. GAMMA Investing LLC increased its stake in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the last quarter. Quarry LP bought a new stake in Science Applications International during the third quarter valued at $71,000. Sound Income Strategies LLC bought a new stake in Science Applications International during the third quarter valued at $121,000. Finally, Covestor Ltd boosted its holdings in shares of Science Applications International by 45.1% during the third quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock valued at $189,000 after acquiring an additional 421 shares during the period. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SAIC. Wells Fargo & Company reduced their price objective on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group dropped 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. Citigroup boosted their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.38.

Insiders Place Their Bets

In other Science Applications International 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 transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barbara Supplee purchased 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, 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 trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $108.28 on Monday. The business has a fifty day simple moving average of $114.97 and a 200 day simple moving average of $127.40. 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 firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 18.26 and a beta of 0.66. Science Applications International Co. has a one year low of $104.36 and a one year high of $156.34.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid 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 1.37%. 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.