Farther Finance Advisors LLC Grows Stock Position in Science Applications International Co. (NYSE:SAIC)

Farther Finance Advisors LLC increased its holdings in Science Applications International Co. (NYSE:SAIC) by 4.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,167 shares of the information technology services provider’s stock after purchasing an additional 212 shares during the quarter. Farther Finance Advisors LLC’s holdings in Science Applications International were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International in the 4th quarter worth about $28,000. Quarry LP purchased a new stake in shares of Science Applications International in the 3rd quarter worth about $71,000. Jones Financial Companies Lllp boosted its position in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Science Applications International by 33.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock worth $75,000 after buying an additional 167 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Science Applications International in the 3rd quarter worth about $200,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on SAIC shares. Wells Fargo & Company reduced 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 report on Wednesday, February 26th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock 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 issued a “neutral” rating and a $134.00 target price on the stock. Finally, TD Cowen lowered 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 report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $136.11.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Trading Up 0.2 %

Shares of SAIC stock opened at $104.43 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 17.61 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. 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 firm’s 50-day simple moving average is $107.44 and its 200-day simple moving average is $123.14.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

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.