Hussman Strategic Advisors Inc. Acquires Shares of 6,300 Science Applications International Co. (NYSE:SAIC)

Hussman Strategic Advisors Inc. acquired a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,300 shares of the information technology services provider’s stock, valued at approximately $704,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Science Applications International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after acquiring an additional 6,780 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Science Applications International by 30.4% in the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after acquiring an additional 76,204 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after acquiring an additional 245,005 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 approximately $416,452.44. The trade was a 13.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction 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 sale, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. UBS Group assumed 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. The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Cantor Fitzgerald assumed coverage on shares of Science Applications International in a research note on Friday, February 7th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $137.22.

Science Applications International Stock Performance

SAIC stock opened at $102.79 on Friday. 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 company has a 50 day moving average price of $110.67 and a 200 day moving average price of $125.73. Science Applications International Co. has a fifty-two week low of $99.32 and a fifty-two week high of $156.34. The stock has a market capitalization of $5.02 billion, a PE ratio of 17.33 and a beta of 0.66.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.44%. The ex-dividend date was Friday, January 10th. 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.