Assetmark Inc. Grows Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Assetmark Inc. raised its position in shares of Science Applications International Co. (NYSE:SAIC) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,733 shares of the information technology services provider’s stock after buying an additional 2,225 shares during the period. Assetmark Inc. owned about 0.46% of Science Applications International worth $25,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International during the fourth quarter worth $28,000. Quarry LP acquired a new stake in shares of Science Applications International in the third quarter valued at $71,000. Jones Financial Companies Lllp raised its stake in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares in the last quarter. Covestor Ltd raised its stake in shares of Science Applications International by 45.1% in 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 in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Science Applications International in the third quarter valued at $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Science Applications International

In related 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 of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Barbara Supplee purchased 425 shares of the stock in a transaction that occurred 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 acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAIC. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. UBS Group assumed coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, 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 note on Thursday, December 12th. 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 stock has an average rating of “Hold” and a consensus price target of $136.11.

Science Applications International Stock Up 1.6 %

SAIC opened at $102.63 on Thursday. The business’s 50-day simple moving average is $108.22 and its 200-day simple moving average is $124.17. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock has a market capitalization of $5.02 billion, a P/E ratio of 17.31 and a beta of 0.66.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 dividend yield of 1.44%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) 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.