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

Daymark Wealth Partners LLC cut its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after buying an additional 87 shares in the last quarter. Bank of Montreal Can increased its position in shares of Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the period. Brookstone Capital Management raised its stake in Science Applications International by 7.0% in the fourth quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 160 shares in the last quarter. Blue Trust Inc. lifted its position in Science Applications International by 12.1% during the third quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock worth $214,000 after purchasing an additional 165 shares during the period. Finally, UMB Bank n.a. grew 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 buying an additional 171 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased 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 owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. UBS Group started coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Citigroup upped their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company decreased their target price on 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given 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 a consensus target price of $139.38.

Science Applications International Price Performance

Science Applications International stock opened at $110.57 on Friday. The stock has a 50-day moving average price of $116.97 and a two-hundred day moving average price of $127.80. Science Applications International Co. has a 12 month low of $108.90 and a 12 month high of $156.34. The company has a market capitalization of $5.40 billion, a PE ratio of 18.65 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given 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 yield of 1.34%. 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.