Catalyst Funds Management Pty Ltd Acquires 1,200 Shares of Science Applications International Co. (NYSE:SAIC)

Catalyst Funds Management Pty Ltd grew its holdings in Science Applications International Co. (NYSE:SAIC) by 200.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,800 shares of the information technology services provider’s stock after purchasing an additional 1,200 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Science Applications International were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Empowered Funds LLC lifted its position 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 period. Seizert Capital Partners LLC lifted its position in Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after purchasing an additional 10,326 shares during the period. First Citizens Bank & Trust Co. bought a new position in Science Applications International in the fourth quarter worth $312,000. Pure Financial Advisors LLC lifted its position 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 worth $2,062,000 after purchasing an additional 2,946 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted its position in Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after purchasing an additional 4,796 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $104.43 on Monday. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The firm has a market cap of $5.10 billion, a PE ratio of 17.61 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. The business has a fifty day moving average of $107.44 and a 200-day moving average of $123.10.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Ratings Changes

SAIC has been the subject of several research reports. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a report on Tuesday, February 25th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group assumed coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. Finally, JPMorgan Chase & Co. cut 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus price target of $136.11.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Science Applications International Company 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.