Inceptionr LLC Has $1.87 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Inceptionr LLC grew its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 75.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,743 shares of the information technology services provider's stock after purchasing an additional 7,199 shares during the period. Inceptionr LLC's holdings in Science Applications International were worth $1,872,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp increased its holdings in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock valued at $219,734,000 after purchasing an additional 15,166 shares during the last quarter. Geode Capital Management LLC lifted its position in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock worth $137,227,000 after acquiring an additional 18,102 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock worth $58,497,000 after acquiring an additional 31,374 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Science Applications International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock valued at $72,269,000 after purchasing an additional 6,780 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock worth $36,529,000 after purchasing an additional 76,204 shares during the period. Institutional investors own 76.00% of the company's stock.

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Science Applications International Trading Up 0.2 %

NYSE SAIC traded up $0.26 during trading hours on Monday, reaching $111.51. The company's stock had a trading volume of 1,733,907 shares, compared to its average volume of 715,716. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The firm has a fifty day simple moving average of $108.03 and a 200-day simple moving average of $123.89. The stock has a market cap of $5.45 billion, a P/E ratio of 18.80 and a beta of 0.66.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, January 10th. Science Applications International's payout ratio is presently 24.96%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated 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. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Barbara Supplee acquired 425 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, for a total transaction 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 $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SAIC. Wells Fargo & Company cut their price objective on shares of Science Applications International from $149.00 to $139.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a report on Tuesday, February 25th. TD Cowen lowered 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 report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. One investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $136.11.

Science Applications International 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.