Lecap Asset Management Ltd. Invests $1.48 Million in Science Applications International Co. (NYSE:SAIC)

Lecap Asset Management Ltd. bought a new position in shares of Science Applications International Co. (NYSE:SAIC) during the 4th quarter, HoldingsChannel reports. The firm bought 13,271 shares of the information technology services provider’s stock, valued at approximately $1,483,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 100 shares in the last quarter. Brookstone Capital Management grew its position in Science Applications International by 7.0% during the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 160 shares during the last quarter. Blue Trust Inc. increased its stake in Science Applications International by 12.1% during 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 in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of 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 buying an additional 171 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Barbara Supplee purchased 425 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price 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 represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Stock Down 0.8 %

SAIC stock opened at $106.16 on Friday. The firm’s fifty day moving average is $114.03 and its 200 day moving average is $127.09. 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 $103.90 and a one year high of $156.34. The firm has a market cap of $5.19 billion, a PE ratio of 17.90 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s payout ratio is currently 24.96%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. UBS Group initiated coverage on Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. Wells Fargo & Company reduced their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. 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. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average price target of $137.22.

About Science Applications International

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.