Proficio Capital Partners LLC Purchases New Shares in Science Applications International Co. (NYSE:SAIC)

Proficio Capital Partners LLC bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,755 shares of the information technology services provider's stock, valued at approximately $1,649,000.

Several other institutional investors and hedge funds have also made changes to their positions in SAIC. Assetmark Inc. increased its position in Science Applications International by 1.8% during the third quarter. Assetmark Inc. now owns 223,508 shares of the information technology services provider's stock worth $31,128,000 after buying an additional 3,931 shares during the period. Atria Investments Inc increased its holdings in shares of Science Applications International by 56.9% in the 3rd quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider's stock valued at $419,000 after acquiring an additional 1,091 shares during the period. Covestor Ltd raised its position in Science Applications International by 45.1% in the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider's stock valued at $189,000 after purchasing an additional 421 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Science Applications International by 20.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,727 shares of the information technology services provider's stock worth $520,000 after purchasing an additional 620 shares during the period. Finally, Versor Investments LP purchased a new position in Science Applications International during the 3rd quarter worth $1,054,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com upgraded 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 dropped their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Finally, UBS Group assumed coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $136.11.

Science Applications International Price Performance

SAIC stock traded up $0.26 on Monday, reaching $111.51. The company had a trading volume of 1,733,904 shares, compared to its average volume of 714,979. The company's fifty day moving average is $108.03 and its 200 day moving average is $123.89. The company has a market cap of $5.45 billion, a P/E ratio of 18.80 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 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company's stock, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

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.