International Assets Investment Management LLC Sells 243,488 Shares of Science Applications International Co. (NYSE:SAIC)

International Assets Investment Management LLC reduced its stake in Science Applications International Co. (NYSE:SAIC - Free Report) by 99.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,184 shares of the information technology services provider's stock after selling 243,488 shares during the quarter. International Assets Investment Management LLC's holdings in Science Applications International were worth $245,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider's stock valued at $690,000 after purchasing an additional 4,939 shares during the period. Seizert Capital Partners LLC increased its holdings in Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider's stock worth $5,404,000 after acquiring an additional 10,326 shares during the last quarter. Van ECK Associates Corp raised its stake in Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider's stock valued at $36,070,000 after acquiring an additional 44,990 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in Science Applications International by 59.7% during the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider's stock valued at $1,787,000 after purchasing an additional 4,796 shares during the last quarter. Finally, Huber Capital Management LLC boosted its position in Science Applications International by 37.2% during the second quarter. Huber Capital Management LLC now owns 52,342 shares of the information technology services provider's stock worth $6,153,000 after purchasing an additional 14,182 shares during the period. Institutional investors own 76.00% of the company's stock.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction dated 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 owns 6,864 shares of the company's stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

Science Applications International Trading Down 1.4 %

Shares of NYSE:SAIC traded down $1.61 on Tuesday, reaching $116.65. 148,156 shares of the company traded hands, compared to its average volume of 409,036. The stock has a market capitalization of $5.70 billion, a P/E ratio of 19.67 and a beta of 0.66. The business's 50-day simple moving average is $121.64 and its 200 day simple moving average is $127.83. 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 Co. has a 52 week low of $108.90 and a 52 week high of $156.34.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Analyst Ratings Changes

SAIC has been the subject of several recent research reports. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Citigroup increased their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Barclays boosted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Science Applications International has an average rating of "Hold" and an average target price of $139.38.

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.