Science Applications International Co. (NYSE:SAIC) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC cut its stake in Science Applications International Co. (NYSE:SAIC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,600 shares of the information technology services provider’s stock after selling 5,900 shares during the quarter. Polaris Capital Management LLC owned approximately 0.52% of Science Applications International worth $28,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SAIC. Cornerstone Planning Group LLC acquired a new stake in Science Applications International in the 4th quarter valued at about $28,000. Savant Capital LLC grew its holdings in shares of 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 purchasing an additional 7,139 shares during the period. Entropy Technologies LP acquired a new position in Science Applications International in the fourth quarter valued at about $894,000. Empowered Funds LLC boosted its stake in Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after buying an additional 874 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Science Applications International during the fourth quarter valued at about $1,483,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Up 0.1 %

SAIC opened at $105.64 on Tuesday. The business’s 50 day moving average is $113.32 and its two-hundred day moving average is $126.89. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 13.25 and a beta of 0.66. Science Applications International Co. has a 52 week low of $103.90 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on SAIC. JPMorgan Chase & Co. decreased their price target 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. The Goldman Sachs Group cut their target price 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, December 12th. 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 target for the company. Wells Fargo & Company dropped their price objective on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $137.22.

Insider Buying and Selling at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

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.