40,203 Shares in Science Applications International Co. (NYSE:SAIC) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Science Applications International Co. (NYSE:SAIC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 40,203 shares of the information technology services provider’s stock, valued at approximately $4,494,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in shares of 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 buying an additional 874 shares during the last quarter. Seizert Capital Partners LLC boosted its holdings 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 worth $5,404,000 after buying an additional 10,326 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Science Applications International in the fourth quarter worth approximately $312,000. Pure Financial Advisors LLC boosted its holdings 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 worth $2,062,000 after buying an additional 2,946 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in Science Applications International by 59.7% during 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 in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $104.43 on Monday. The company’s fifty day moving average price is $107.44 and its 200-day moving average price is $123.10. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The company has a market capitalization of $5.10 billion, a PE ratio of 17.61 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 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 $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.42%. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAIC. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lowered 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 report on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, UBS Group assumed coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.11.

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.