Rhumbline Advisers Sells 1,946 Shares of Science Applications International Co. (NYSE:SAIC)

Rhumbline Advisers lessened its holdings in Science Applications International Co. (NYSE:SAIC) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,841 shares of the information technology services provider’s stock after selling 1,946 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Science Applications International worth $15,520,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Campbell Wealth Management bought a new position in shares of Science Applications International during the fourth quarter valued at $562,000. Van ECK Associates Corp raised its position in Science Applications International by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after purchasing an additional 76,204 shares during the last quarter. Cornerstone Planning Group LLC bought a new position in Science Applications International during the 4th quarter worth $28,000. Savant Capital LLC lifted its holdings in Science Applications International by 308.0% during the 4th quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider’s stock worth $1,057,000 after buying an additional 7,139 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Science Applications International in the 4th quarter valued at about $894,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group decreased their price objective 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. Cantor Fitzgerald initiated coverage on shares of Science Applications International in a report on Friday, February 7th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $137.22.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $97.84 on Friday. The firm has a market capitalization of $4.78 billion, a P/E ratio of 16.50 and a beta of 0.66. The firm’s 50-day moving average price is $110.45 and its 200-day moving average price is $125.57. 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 Co. has a 1-year low of $96.79 and a 1-year high of $156.34.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.51%. Science Applications International’s payout ratio is currently 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.