Cornerstone Planning Group LLC Takes $28,000 Position in Science Applications International Co. (NYSE:SAIC)

Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 253 shares of the information technology services provider’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Cetera Investment Advisers raised its holdings in Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after purchasing an additional 87 shares in the last quarter. GAMMA Investing LLC grew its position in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the last quarter. UMB Bank n.a. grew its position in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Inspire Investing LLC acquired a new position in Science Applications International in the third quarter worth approximately $884,000. Finally, Sound Income Strategies LLC acquired a new position in Science Applications International in the third quarter worth approximately $121,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.6 %

Science Applications International stock opened at $105.57 on Monday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 13.25 and a beta of 0.66. 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 fifty-two week low of $103.90 and a fifty-two week high of $156.34. The firm has a fifty day moving average price of $113.32 and a two-hundred day moving average price of $126.85.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Science Applications International’s payout ratio is 24.96%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald began coverage on shares of Science Applications International in a research note on Friday. They issued a “neutral” rating and a $120.00 price objective for the company. UBS Group began coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective 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. Finally, Wells Fargo & Company reduced their price objective 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. 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 given a strong buy rating to the company. According to MarketBeat.com, Science Applications International has an average rating of “Hold” and an average price target of $137.22.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Barbara Supplee acquired 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

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.