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

Polaris Capital Management LLC reduced its holdings in Science Applications International Co. (NYSE:SAIC) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 254,600 shares of the information technology services provider’s stock after selling 5,900 shares during the quarter. Polaris Capital Management LLC’s holdings in Science Applications International were worth $28,459,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International during the 4th quarter valued at about $28,000. UMB Bank n.a. raised its stake in 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 purchasing an additional 171 shares during the period. GAMMA Investing LLC boosted its holdings 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 last quarter. Quarry LP purchased a new stake in shares of Science Applications International during the 3rd quarter valued at $71,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Science Applications International during the 3rd quarter worth $121,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Shares of SAIC stock opened at $105.64 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company’s fifty day moving average price is $113.32 and its two-hundred day moving average price is $126.89. The firm has a market capitalization of $5.16 billion, a P/E ratio of 13.25 and a beta of 0.66. Science Applications International Co. has a 12 month low of $103.90 and a 12 month high of $156.34.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is 24.96%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SAIC shares. Cantor Fitzgerald initiated coverage on Science Applications International in a research report on Friday. They set a “neutral” rating and a $120.00 price target for the company. 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. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped 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 report on Thursday, December 12th. Finally, UBS Group began coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $137.22.

Insider Activity at Science Applications International

In related news, EVP Barbara Supplee acquired 425 shares of the firm’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 acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 directly owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently 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.