Wedge Capital Management L L P NC Has $6.21 Million Stake in Science Applications International Co. (NYSE:SAIC)

Wedge Capital Management L L P NC reduced its holdings in Science Applications International Co. (NYSE:SAIC) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,536 shares of the information technology services provider’s stock after selling 1,779 shares during the period. Wedge Capital Management L L P NC owned approximately 0.11% of Science Applications International worth $6,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Science Applications International by 12.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,223 shares of the information technology services provider’s stock worth $3,318,000 after purchasing an additional 3,048 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Science Applications International by 12.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,583 shares of the information technology services provider’s stock worth $421,000 after buying an additional 383 shares during the period. XTX Topco Ltd bought a new stake in shares of Science Applications International in the 2nd quarter valued at about $392,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $807,000. 76.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost 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 approximately $416,452.44. This trade represents a 13.47 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s 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 sale, the director now 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 corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup upped their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus price target of $139.38.

Science Applications International Trading Down 0.7 %

NYSE SAIC opened at $115.87 on Friday. Science Applications International Co. has a 52 week low of $108.90 and a 52 week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50 day moving average price is $118.97 and its two-hundred day moving average price is $127.74. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 19.54 and a beta of 0.66.

Science Applications International Announces Dividend

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

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.