Savant Capital LLC Boosts Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Savant Capital LLC lifted its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 308.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,457 shares of the information technology services provider's stock after buying an additional 7,139 shares during the period. Savant Capital LLC's holdings in Science Applications International were worth $1,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIC. Entropy Technologies LP bought a new stake in shares of Science Applications International in the 4th quarter worth approximately $894,000. Empowered Funds LLC raised its holdings in 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 acquiring an additional 874 shares during the period. Lecap Asset Management Ltd. bought a new stake in Science Applications International during the 4th quarter valued at $1,483,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Science Applications International by 27.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,889 shares of the information technology services provider's stock valued at $323,000 after acquiring an additional 623 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in Science Applications International by 6.2% during the 4th quarter. GHP Investment Advisors Inc. now owns 18,217 shares of the information technology services provider's stock valued at $2,036,000 after acquiring an additional 1,059 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Insider Buying and Selling

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the business's stock in a transaction on 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 transaction, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company'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 approximately $807,892.80. The trade was 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 owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SAIC shares. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company reduced 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 research report on Wednesday, January 8th. Finally, Cantor Fitzgerald started coverage on shares of Science Applications International in a research report on Friday, February 7th. They set 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 given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus target price of $137.22.

Science Applications International Price Performance

NYSE:SAIC traded up $2.12 during midday trading on Tuesday, hitting $103.05. The company had a trading volume of 239,925 shares, compared to its average volume of 588,071. Science Applications International Co. has a 52-week low of $99.32 and a 52-week high of $156.34. The stock's fifty day moving average price is $111.13 and its 200-day moving average price is $126.03. The company has a market capitalization of $5.04 billion, a PE ratio of 17.38 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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 given a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.44%. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

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.