Daymark Wealth Partners LLC Sells 100 Shares of Science Applications International Co. (NYSE:SAIC)

Daymark Wealth Partners LLC lowered its stake in Science Applications International Co. (NYSE:SAIC) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,247 shares of the information technology services provider’s stock after selling 100 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Science Applications International were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC raised its stake in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the period. Quarry LP acquired a new stake in shares of Science Applications International in the 3rd quarter valued at about $71,000. Sunbelt Securities Inc. bought a new stake in shares of Science Applications International in the second quarter valued at about $78,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Science Applications International during the third quarter worth about $121,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Down 7.7 %

Science Applications International stock opened at $110.57 on Friday. The stock has a 50-day simple moving average of $116.97 and a 200 day simple moving average of $127.80. The stock has a market capitalization of $5.40 billion, a P/E ratio of 18.65 and a beta of 0.66. 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 Co. has a 52 week low of $108.90 and a 52 week high of $156.34.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.34%. Science Applications International’s dividend payout ratio is currently 24.96%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of recent research reports. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company cut 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. JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. The Goldman Sachs Group cut their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average price target of $139.38.

Insider Activity at Science Applications International

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