Inceptionr LLC Increases Holdings in Science Applications International Co. (NYSE:SAIC)

Inceptionr LLC lifted its position in Science Applications International Co. (NYSE:SAIC) by 75.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,743 shares of the information technology services provider’s stock after purchasing an additional 7,199 shares during the quarter. Inceptionr LLC’s holdings in Science Applications International were worth $1,872,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International during the fourth quarter valued at approximately $28,000. Quarry LP purchased a new position in Science Applications International during the third quarter valued at approximately $71,000. Jones Financial Companies Lllp raised its position in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares in the last quarter. Covestor Ltd raised its position in 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 valued at $189,000 after acquiring an additional 421 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in Science Applications International in the third quarter valued at approximately $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $102.63 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business’s 50 day moving average price is $108.22 and its 200-day moving average price is $124.17. The firm has a market capitalization of $5.02 billion, a PE ratio of 17.31 and a beta of 0.66. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

Several analysts have commented on SAIC shares. 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 report on Friday, December 6th. UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group dropped 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, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $136.11.

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.