Weybosset Research & Management LLC Sells 1,082 Shares of Science Applications International Co. (NYSE:SAIC)

Weybosset Research & Management LLC lowered its stake in Science Applications International Co. (NYSE:SAIC) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,212 shares of the information technology services provider’s stock after selling 1,082 shares during the quarter. Science Applications International comprises approximately 3.6% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 14th biggest holding. Weybosset Research & Management LLC owned 0.19% of Science Applications International worth $10,643,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC lifted its position 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 worth $40,000 after buying an additional 203 shares in the last quarter. Quarry LP acquired a new position in shares of Science Applications International during the 3rd quarter worth about $71,000. Sunbelt Securities Inc. bought a new position in shares of Science Applications International in the 2nd quarter valued at about $78,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Science Applications International in the third quarter valued at about $121,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The shares were bought 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 in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.67% of the stock is owned by insiders.

Science Applications International Stock Performance

Shares of NYSE SAIC traded up $2.61 during trading hours on Friday, reaching $116.00. 116,676 shares of the stock were exchanged, compared to its average volume of 364,798. The stock’s fifty day simple moving average is $122.77 and its 200 day simple moving average is $127.69. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 19.56 and a beta of 0.66. Science Applications International Co. has a 52 week low of $108.90 and a 52 week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.28%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $120.00 in a research note on Wednesday. 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. Wells Fargo & Company cut their price target 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. Barclays upped their target price on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Finally, UBS Group assumed coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International has a consensus rating of “Hold” and an average price target of $139.38.

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.