Campbell Wealth Management Invests $562,000 in Science Applications International Co. (NYSE:SAIC)

Campbell Wealth Management acquired a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,026 shares of the information technology services provider's stock, valued at approximately $562,000.

Several other large investors have also recently made changes to their positions in SAIC. Van ECK Associates Corp grew its position in shares of Science Applications International by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock valued at $36,529,000 after acquiring an additional 76,204 shares during the period. Cornerstone Planning Group LLC bought a new position in Science Applications International during the fourth quarter valued at $28,000. Savant Capital LLC increased its position in Science Applications International by 308.0% in the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider's stock worth $1,057,000 after buying an additional 7,139 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Science Applications International in the fourth quarter valued at $894,000. Finally, Empowered Funds LLC lifted its position in shares of Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after buying an additional 874 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Barbara Supplee purchased 425 shares of the firm's stock in a transaction dated 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 acquisition, the executive vice president now directly owns 3,579 shares of the company's stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 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. Corporate insiders own 0.67% of the company's stock.

Science Applications International Price Performance

Shares of SAIC traded up $2.20 during mid-day trading on Tuesday, reaching $103.13. 679,087 shares of the stock traded hands, compared to its average volume of 603,300. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 17.39 and a beta of 0.66. Science Applications International Co. has a 1 year low of $99.32 and a 1 year high of $156.34. The firm has a fifty day moving average price of $111.13 and a 200 day moving average price of $126.03. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International's payout ratio is 24.96%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAIC. Wells Fargo & Company lowered their price objective on Science Applications International from $154.00 to $149.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Cantor Fitzgerald started coverage on shares of Science Applications International in a research report on Friday, February 7th. They issued a "neutral" rating and a $120.00 price target on the stock. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Finally, TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, 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.