Seizert Capital Partners LLC Boosts Holdings in Science Applications International Co. (NYSE:SAIC)

Seizert Capital Partners LLC grew its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,554 shares of the information technology services provider's stock after buying an additional 9,751 shares during the quarter. Seizert Capital Partners LLC owned 0.10% of Science Applications International worth $5,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in Science Applications International by 30,868.8% in 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 last quarter. Van ECK Associates Corp lifted its position in shares of Science Applications International by 21.9% during 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 buying an additional 44,990 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Science Applications International during the 3rd quarter worth $204,000. Assetmark Inc. increased its holdings in Science Applications International by 1.8% in the 3rd quarter. Assetmark Inc. now owns 223,508 shares of the information technology services provider's stock worth $31,128,000 after acquiring an additional 3,931 shares during the last quarter. Finally, Atria Investments Inc raised its stake in Science Applications International by 56.9% in the 3rd quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider's stock valued at $419,000 after acquiring an additional 1,091 shares during the period. 76.00% of the stock is owned by institutional investors.

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Science Applications International Trading Up 8.9 %

NYSE SAIC traded up $9.09 on Friday, hitting $111.25. The company's stock had a trading volume of 1,886,334 shares, compared to its average volume of 692,576. The firm has a market cap of $5.44 billion, a P/E ratio of 18.76 and a beta of 0.66. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company's 50-day simple moving average is $108.03 and its 200 day simple moving average is $123.91. 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 Dividend Announcement

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

Insider Activity at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were purchased 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 owns 3,579 shares in the company, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 transaction, the director now directly owns 6,864 shares of the company's stock, valued at approximately $807,892.80. This trade represents 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 corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SAIC shares. 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. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Science Applications International currently 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.