Weybosset Research & Management LLC Has $10.64 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

Weybosset Research & Management LLC lessened its holdings in shares of 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 firm owned 95,212 shares of the information technology services provider’s stock after selling 1,082 shares during the period. Science Applications International accounts for 3.6% of Weybosset Research & Management LLC’s holdings, making the stock its 14th biggest holding. Weybosset Research & Management LLC’s holdings in Science Applications International were worth $10,643,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SAIC. Cetera Investment Advisers raised its position in shares of Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Science Applications International by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the period. Arizona State Retirement System increased its position in shares of Science Applications International by 1.1% during the second quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider’s stock worth $1,700,000 after buying an additional 152 shares during the period. Blue Trust Inc. raised its stake in Science Applications International by 12.1% during the third quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock worth $214,000 after buying an additional 165 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in 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 valued at $29,000 after buying an additional 171 shares during the period. 76.00% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Up 2.3 %

Science Applications International stock traded up $2.61 during trading on Friday, hitting $116.00. 116,676 shares of the company were exchanged, compared to its average volume of 364,798. Science Applications International Co. has a 52 week low of $108.90 and a 52 week high of $156.34. The company has a market capitalization of $5.67 billion, a P/E ratio of 19.56 and a beta of 0.66. The business’s 50 day moving average is $122.77 and its 200 day moving average is $127.69. 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 Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on SAIC. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Citigroup boosted their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays lifted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. decreased 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, The Goldman Sachs Group decreased their target price on 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.