Science Applications International Co. (NYSE:SAIC) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,544 shares of the information technology services provider’s stock after purchasing an additional 535 shares during the period. Atria Investments Inc’s holdings in Science Applications International were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SAIC. Assetmark Inc. raised its holdings in Science Applications International by 1.0% in the 4th quarter. Assetmark Inc. now owns 225,733 shares of the information technology services provider’s stock valued at $25,232,000 after acquiring an additional 2,225 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Science Applications International in the 4th quarter valued at about $208,000. Victory Capital Management Inc. raised its holdings in Science Applications International by 851.8% in the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after acquiring an additional 132,976 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Science Applications International in the 4th quarter valued at about $1,649,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

NYSE:SAIC opened at $104.43 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $5.10 billion, a P/E ratio of 17.61 and a beta of 0.66. The company has a 50 day moving average price of $107.44 and a 200 day moving average price of $123.10. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. Science Applications International’s payout ratio is currently 24.96%.

Wall Street Analyst Weigh In

A number of research firms have commented on SAIC. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group began coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. 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. JPMorgan Chase & Co. dropped 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 note on Friday, December 6th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $136.11.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

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.