Sanctuary Advisors LLC Cuts Stake in Science Applications International Co. (NYSE:SAIC)

Sanctuary Advisors LLC lowered its position in shares of Science Applications International Co. (NYSE:SAIC) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,916 shares of the information technology services provider’s stock after selling 701 shares during the period. Sanctuary Advisors LLC’s holdings in Science Applications International were worth $2,395,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in Science Applications International by 4.8% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 100 shares in the last quarter. Brookstone Capital Management boosted its position in Science Applications International by 7.0% during 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. boosted 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 valued at $214,000 after purchasing an additional 165 shares in the last quarter. KBC Group NV boosted its position in Science Applications International by 15.3% during the third quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock valued at $205,000 after purchasing an additional 196 shares in the last quarter. Finally, Cornerstone Planning Group LLC bought a new stake in Science Applications International during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Down 4.8 %

Shares of NYSE:SAIC opened at $97.84 on Friday. Science Applications International Co. has a 52-week low of $96.79 and a 52-week high of $156.34. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 16.50 and a beta of 0.66. 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 50-day moving average price of $110.15 and a 200-day moving average price of $125.42.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SAIC shares. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective 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. Cantor Fitzgerald began coverage on Science Applications International in a report on Friday, February 7th. They issued a “neutral” rating and a $120.00 price target for the company. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $137.22.

Insider Transactions at Science Applications International

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 bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Science Applications International 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.