Polaris Capital Management LLC Has $28.46 Million Position in Science Applications International Co. (NYSE:SAIC)

Polaris Capital Management LLC lowered its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,600 shares of the information technology services provider's stock after selling 5,900 shares during the period. Polaris Capital Management LLC owned about 0.52% of Science Applications International worth $28,459,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after buying an additional 171 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the 4th quarter valued at $28,000. GAMMA Investing LLC boosted its stake in Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 203 shares during the period. Quarry LP acquired a new position in Science Applications International in the 3rd quarter worth $71,000. Finally, Sound Income Strategies LLC acquired a new position in Science Applications International in the 3rd quarter worth $121,000. Institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SAIC shares. Cantor Fitzgerald started coverage on shares of Science Applications International in a research note on Friday, February 7th. They issued a "neutral" rating and a $120.00 target price for the company. The Goldman Sachs Group reduced their target price 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. TD Cowen lowered shares of 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 research note on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Science Applications International from $154.00 to $149.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price 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. One equities research 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $137.22.

Insider Buying and Selling at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Science Applications International Stock Performance

Shares of Science Applications International stock traded up $0.57 during trading on Friday, hitting $100.79. 509,486 shares of the stock were exchanged, compared to its average volume of 589,676. Science Applications International Co. has a 1-year low of $99.32 and a 1-year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 16.91 and a beta of 0.66. The company has a fifty day moving average price of $111.77 and a 200-day moving average price of $126.31.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.47%. Science Applications International's dividend payout ratio is 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.