Horizon Kinetics Asset Management LLC Has $45.46 Million Stake in Science Applications International Co. (NYSE:SAIC)

Horizon Kinetics Asset Management LLC grew its holdings in Science Applications International Co. (NYSE:SAIC) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 406,695 shares of the information technology services provider’s stock after acquiring an additional 3,730 shares during the period. Science Applications International comprises 0.6% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 19th biggest position. Horizon Kinetics Asset Management LLC’s holdings in Science Applications International were worth $45,460,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of Science Applications International in the third quarter valued at approximately $71,000. Jones Financial Companies Lllp lifted its position 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 buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 167 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Science Applications International in the third quarter valued at approximately $200,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company lowered their target price 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. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average price target of $136.11.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Science Applications International Trading Up 0.2 %

Shares of SAIC opened at $104.43 on Monday. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The business’s fifty day moving average is $107.44 and its 200-day moving average is $123.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 17.61 and a beta of 0.66.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Science Applications International’s dividend payout ratio (DPR) is 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.