Coldstream Capital Management Inc. Makes New Investment in Science Applications International Co. (NYSE:SAIC)

Coldstream Capital Management Inc. acquired a new stake in shares of Science Applications International Co. (NYSE:SAIC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,780 shares of the information technology services provider’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAIC. State Street Corp raised its stake in Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after buying an additional 15,166 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after purchasing an additional 56,414 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after purchasing an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Science Applications International by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after purchasing an additional 25,807 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after buying an additional 6,780 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Insider Activity

In other news, EVP Barbara Supplee purchased 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the transaction, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

SAIC has been the subject of several recent research reports. The Goldman Sachs Group decreased 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 report on Thursday, December 12th. TD Cowen raised their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Barclays raised their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $114.62 on Tuesday. The company has a market capitalization of $5.60 billion, a P/E ratio of 19.33 and a beta of 0.64. The company’s 50-day moving average is $134.68 and its 200 day moving average is $128.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a fifty-two week low of $111.34 and a fifty-two week high of $156.34.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s payout ratio is 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.