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6,198 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Convergence Investment Partners LLC

Science Applications International logo with Computer and Technology background

Convergence Investment Partners LLC purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,198 shares of the information technology services provider's stock, valued at approximately $693,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Science Applications International by 12.1% in the 3rd quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider's stock worth $214,000 after purchasing an additional 165 shares during the last quarter. Raymond James & Associates increased its holdings in Science Applications International by 4.9% in the third quarter. Raymond James & Associates now owns 76,873 shares of the information technology services provider's stock worth $10,706,000 after buying an additional 3,598 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Science Applications International by 60.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 30,536 shares of the information technology services provider's stock valued at $4,253,000 after acquiring an additional 11,512 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Science Applications International during the 3rd quarter valued at $210,000. Finally, International Assets Investment Management LLC raised its holdings in Science Applications International by 36,732.4% during the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock valued at $34,215,000 after buying an additional 245,005 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Analyst Ratings Changes

SAIC has been the subject of a number of recent analyst reports. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald initiated coverage on shares of Science Applications International in a research report on Friday, February 7th. They set a "neutral" rating and a $120.00 target price for the company. Wells Fargo & Company decreased their price target on shares of Science Applications International from $154.00 to $149.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective 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. Finally, StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus target price of $137.22.

Check Out Our Latest Report on Science Applications International

Science Applications International Stock Performance

SAIC traded down $4.51 on Friday, hitting $98.28. 630,754 shares of the stock traded hands, compared to its average volume of 599,640. The business has a fifty day moving average price of $110.45 and a two-hundred day moving average price of $125.57. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $4.80 billion, a PE ratio of 16.47 and a beta of 0.66. Science Applications International Co. has a 52 week low of $96.79 and a 52 week high of $156.34.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Friday, January 10th. Science Applications International's dividend payout ratio is presently 24.96%.

Insider Activity at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value 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 corporate insiders.

About Science Applications International

(Free Report)

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.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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