6,198 Shares in Science Applications International Co. (NYSE:SAIC) Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,198 shares of the information technology services provider’s stock, valued at approximately $693,000.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $28,000. Quarry LP purchased a new position in Science Applications International during the 3rd quarter worth $71,000. Covestor Ltd boosted its holdings in 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 worth $189,000 after purchasing an additional 421 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Science Applications International in the 3rd quarter worth approximately $200,000. Finally, Fonville Wealth Management LLC purchased a new position in Science Applications International in the third quarter worth $203,000. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the topic of several research analyst reports. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. 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 report on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective 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. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald started coverage on Science Applications International in a report on Friday, February 7th. They set a “neutral” rating and a $120.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $137.22.

Insider Activity at Science Applications International

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade 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 owned by corporate insiders.

Science Applications International Price Performance

SAIC stock opened at $103.30 on Thursday. Science Applications International Co. has a 12-month low of $99.32 and a 12-month high of $156.34. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 17.42 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. The firm’s 50-day moving average price is $110.87 and its two-hundred day moving average price is $125.89.

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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, January 10th. Science Applications International’s 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.