Science Applications International Co. (NYSE:SAIC) Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lessened its stake in shares of Science Applications International Co. (NYSE:SAIC) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,210 shares of the information technology services provider’s stock after selling 624 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Science Applications International were worth $1,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International during the 4th quarter valued at about $28,000. Quarry LP acquired a new stake in shares of Science Applications International in the 3rd quarter valued at $71,000. Covestor Ltd grew its stake in shares of Science Applications International by 45.1% during the third quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after purchasing an additional 421 shares in the last quarter. Tidal Investments LLC purchased a new stake in Science Applications International during the 3rd quarter worth about $200,000. Finally, Fonville Wealth Management LLC purchased a new stake in Science Applications International during the third quarter worth approximately $203,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at $807,892.80. This 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIC. 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 Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of 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. The Goldman Sachs Group lowered their price objective 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. Finally, Wells Fargo & Company reduced their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $137.22.

Science Applications International Price Performance

SAIC stock opened at $102.79 on Friday. The firm has a market cap of $5.02 billion, a P/E ratio of 12.90 and a beta of 0.66. The stock’s 50 day moving average price is $110.67 and its 200 day moving average price is $125.73. Science Applications International Co. has a 1 year low of $99.32 and a 1 year 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.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. Science Applications International’s dividend payout ratio (DPR) is currently 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.