Entropy Technologies LP Takes Position in Science Applications International Co. (NYSE:SAIC)

Entropy Technologies LP purchased a new stake in Science Applications International Co. (NYSE:SAIC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,999 shares of the information technology services provider’s stock, valued at approximately $894,000.

Several other institutional investors have also recently bought and sold shares of SAIC. GAMMA Investing LLC increased its stake in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 203 shares during the period. UMB Bank n.a. increased its position in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares during the period. Inspire Investing LLC bought a new stake in Science Applications International during the 3rd quarter worth about $884,000. Sound Income Strategies LLC acquired a new position in Science Applications International during the 3rd quarter valued at about $121,000. Finally, Blue Trust Inc. boosted its stake in shares of Science Applications International by 12.1% in the 3rd 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. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Up 0.1 %

NYSE:SAIC opened at $105.64 on Tuesday. Science Applications International Co. has a 1 year low of $103.90 and a 1 year high of $156.34. The stock has a 50-day moving average price of $113.32 and a two-hundred day moving average price of $126.89. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 17.81 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 sale, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now directly 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. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of recent research reports. UBS Group assumed coverage on shares of Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target for the company. Cantor Fitzgerald started coverage on Science Applications International in a research note on Friday. They issued a “neutral” rating and a $120.00 price target on the stock. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have assigned 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 company presently has an average rating of “Hold” and a consensus 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.