Connor Clark & Lunn Investment Management Ltd. Makes New $4.49 Million Investment in Science Applications International Co. (NYSE:SAIC)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Science Applications International Co. (NYSE:SAIC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,203 shares of the information technology services provider’s stock, valued at approximately $4,494,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Science Applications International as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC raised its position in Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after acquiring an additional 874 shares during the period. Seizert Capital Partners LLC raised its position in shares of Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after purchasing an additional 10,326 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of Science Applications International in the fourth quarter valued at approximately $312,000. Pure Financial Advisors LLC raised its position in shares of Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after purchasing an additional 2,946 shares during the period. Finally, Cassaday & Co Wealth Management LLC raised its position in shares of Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock valued at $1,787,000 after purchasing an additional 4,796 shares during the period. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SAIC. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group assumed coverage on shares of Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. Finally, The Goldman Sachs Group reduced 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 note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $136.11.

Science Applications International Trading Up 0.2 %

Shares of NYSE SAIC opened at $104.43 on Monday. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The stock has a market cap of $5.10 billion, a P/E ratio of 17.61 and a beta of 0.66. The firm has a 50-day moving average of $107.44 and a 200 day moving average of $123.10. 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 Announces Dividend

The firm also recently declared 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 yield of 1.42%. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

Insider Activity 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 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 completion of the sale, the director now directly owns 6,864 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate 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.