Lecap Asset Management Ltd. Purchases Shares of 13,271 Science Applications International Co. (NYSE:SAIC)

Lecap Asset Management Ltd. bought a new position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,271 shares of the information technology services provider's stock, valued at approximately $1,483,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised 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 worth $219,734,000 after buying an additional 15,166 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock valued at $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 buying an additional 6,780 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider's stock valued at $36,070,000 after purchasing an additional 44,990 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock worth $34,215,000 after acquiring an additional 245,005 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group assumed coverage on 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. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company cut their price target on shares of 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. StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. Finally, Cantor Fitzgerald started coverage on shares of Science Applications International in a research report on Friday. They issued a "neutral" rating and a $120.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $137.22.

Insiders Place Their Bets

In other news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their position. The acquisition 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 the company'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 completion of the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Science Applications International Stock Down 0.6 %

Shares of NYSE SAIC traded down $0.58 during midday trading on Tuesday, hitting $105.06. 390,885 shares of the company's stock were exchanged, compared to its average volume of 564,171. 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 twelve month low of $102.75 and a twelve month high of $156.34. The firm's fifty day simple moving average is $112.94 and its 200-day simple moving average is $126.77. The company has a market cap of $5.14 billion, a PE ratio of 17.72 and a beta of 0.66.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. Science Applications International's dividend payout ratio is presently 24.96%.

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.