Burney Co. Has $1.75 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Burney Co. decreased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,667 shares of the information technology services provider’s stock after selling 1,280 shares during the period. Burney Co.’s holdings in Science Applications International were worth $1,751,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its position 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 acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares during the period. Quarry LP acquired a new stake in Science Applications International during the 3rd quarter worth approximately $71,000. Sunbelt Securities Inc. bought a new stake in Science Applications International in the 2nd quarter valued at $78,000. Finally, Sound Income Strategies LLC acquired a new position in Science Applications International in the 3rd quarter valued at $121,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

Shares of SAIC stock opened at $116.66 on Friday. Science Applications International Co. has a twelve month low of $108.90 and a twelve month high of $156.34. 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 has a fifty day simple moving average of $120.34 and a 200 day simple moving average of $127.74. The company has a market cap of $5.70 billion, a P/E ratio of 19.67 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. Science Applications International’s payout ratio is currently 24.96%.

Insider Activity at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $807,892.80. The trade was 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 insiders.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of recent research reports. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. UBS Group started coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. JPMorgan Chase & Co. reduced their price target 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. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus target price of $139.38.

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.