Campbell Wealth Management Takes Position in Science Applications International Co. (NYSE:SAIC)

Campbell Wealth Management purchased a new position in Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,026 shares of the information technology services provider’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAIC. State Street Corp lifted its holdings in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Geode Capital Management LLC lifted its stake in Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after acquiring an additional 6,780 shares during the period. Van ECK Associates Corp grew its stake in Science Applications International by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after acquiring an additional 76,204 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Science Applications International by 36,732.4% during the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after acquiring an additional 245,005 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Down 3.6 %

Shares of SAIC stock opened at $100.22 on Friday. Science Applications International Co. has a 12 month low of $99.32 and a 12 month high of $156.34. The company has a market cap of $4.90 billion, a PE ratio of 13.25 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $112.18 and its two-hundred day moving average is $126.49.

Science Applications International Announces Dividend

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

Analyst Upgrades and Downgrades

SAIC has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price 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. Cantor Fitzgerald began coverage on shares of Science Applications International in a research note on Friday, February 7th. They issued a “neutral” rating and a $120.00 price target on the stock. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their target price on 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $137.22.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’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. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Barbara Supplee purchased 425 shares of Science Applications International 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 completion of the acquisition, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

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.