Dana Investment Advisors Inc. Has $3.70 Million Position in Science Applications International Co. (NYSE:SAIC)

Dana Investment Advisors Inc. raised its stake in shares of Science Applications International Co. (NYSE:SAIC) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 33,084 shares of the information technology services provider’s stock after purchasing an additional 1,526 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Science Applications International were worth $3,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SAIC. Aigen Investment Management LP acquired a new position in Science Applications International in the 4th quarter valued at $485,000. Proficio Capital Partners LLC bought a new position in shares of Science Applications International in the fourth quarter worth about $1,649,000. Seizert Capital Partners LLC lifted its position in shares of Science Applications International by 25.1% during the 4th quarter. Seizert Capital Partners LLC now owns 48,554 shares of the information technology services provider’s stock worth $5,427,000 after purchasing an additional 9,751 shares during the last quarter. Atria Investments Inc boosted its stake in Science Applications International by 17.8% during the 4th quarter. Atria Investments Inc now owns 3,544 shares of the information technology services provider’s stock valued at $396,000 after purchasing an additional 535 shares during the period. Finally, Assetmark Inc. boosted its stake in Science Applications International by 1.0% during the 4th quarter. Assetmark Inc. now owns 225,733 shares of the information technology services provider’s stock valued at $25,232,000 after purchasing an additional 2,225 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

NYSE SAIC opened at $102.16 on Friday. The stock has a market cap of $4.99 billion, a P/E ratio of 17.23 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. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company’s 50-day simple moving average is $108.03 and its 200 day simple moving average is $124.02.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. Science Applications International’s payout ratio is presently 24.96%.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction 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 $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, UBS Group initiated coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price for the company. One equities research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $136.11.

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.