Captrust Financial Advisors Trims Stock Position in Science Applications International Co. (NYSE:SAIC)

Captrust Financial Advisors decreased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,156 shares of the information technology services provider’s stock after selling 269 shares during the quarter. Captrust Financial Advisors’ holdings in Science Applications International were worth $300,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SAIC. UMB Bank n.a. raised its holdings in Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Science Applications International in the 2nd quarter valued at about $27,000. GAMMA Investing LLC increased its holdings in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Bancorp raised its position in Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 147 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.4 %

NYSE SAIC opened at $113.06 on Friday. Science Applications International Co. has a 12 month low of $111.34 and a 12 month high of $156.34. The company has a 50-day moving average of $135.27 and a 200-day moving average of $128.65. The company has a market cap of $5.53 billion, a P/E ratio of 19.07 and a beta of 0.64. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price 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 trade represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SAIC. Citigroup raised their price objective 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 Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 9th. Truist Financial boosted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

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.