Seizert Capital Partners LLC Increases Holdings in Science Applications International Co. (NYSE:SAIC)

Seizert Capital Partners LLC boosted its stake in shares of Science Applications International Co. (NYSE:SAIC) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,554 shares of the information technology services provider’s stock after acquiring an additional 9,751 shares during the quarter. Seizert Capital Partners LLC owned about 0.10% of Science Applications International worth $5,427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIC. Farther Finance Advisors LLC lifted its stake in shares of Science Applications International by 30,868.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after purchasing an additional 4,939 shares during the last quarter. Empowered Funds LLC grew its holdings in Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after purchasing an additional 874 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Science Applications International during the 4th quarter valued at $312,000. Van ECK Associates Corp grew its stake in Science Applications International by 21.9% during the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after buying an additional 44,990 shares during the last quarter. Finally, Pure Financial Advisors LLC raised its stake in Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after buying an additional 2,946 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s 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 completion of the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price 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 in the company, valued at $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. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAIC. The Goldman Sachs Group cut 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 report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price objective on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned 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 $136.11.

Science Applications International Stock Up 5.5 %

SAIC opened at $101.03 on Wednesday. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 17.04 and a beta of 0.66. 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 business’s fifty day moving average is $108.39 and its two-hundred day moving average is $124.32.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend 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.