Armstrong Fleming & Moore Inc Cuts Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Armstrong Fleming & Moore Inc decreased its holdings in Science Applications International Co. (NYSE:SAIC) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,221 shares of the information technology services provider’s stock after selling 304 shares during the quarter. Science Applications International accounts for approximately 2.5% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 6th largest position. Armstrong Fleming & Moore Inc owned approximately 0.07% of Science Applications International worth $4,049,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SAIC. Farther Finance Advisors LLC raised its stake in shares of Science Applications International by 30,868.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after buying an additional 4,939 shares in the last quarter. Empowered Funds LLC raised its position in 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 acquiring an additional 874 shares in the last quarter. Seizert Capital Partners LLC lifted its holdings in Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after acquiring an additional 10,326 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Science Applications International during the 4th quarter valued at about $312,000. Finally, Van ECK Associates Corp grew its stake in shares of Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SAIC shares. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their target price 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. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reduced 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 note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given 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 target price of $137.22.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Science Applications International Stock Up 1.8 %

SAIC opened at $100.64 on Wednesday. Science Applications International Co. has a 1-year low of $95.86 and a 1-year high of $156.34. The business has a 50 day moving average of $109.56 and a 200-day moving average of $125.19. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 16.97 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 business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. Science Applications International’s payout ratio is 24.96%.

Science Applications International Company 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.