Y Intercept Hong Kong Ltd Takes Position in Science Applications International Co. (NYSE:SAIC)

Y Intercept Hong Kong Ltd purchased a new stake in Science Applications International Co. (NYSE:SAIC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,574 shares of the information technology services provider’s stock, valued at approximately $1,629,000.

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International in the 4th quarter valued at about $28,000. Quarry LP purchased a new position in shares of Science Applications International in the 3rd quarter valued at about $71,000. Covestor Ltd increased its holdings in shares of Science Applications International by 45.1% in the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock valued at $189,000 after purchasing an additional 421 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Science Applications International in the 3rd quarter valued at about $200,000. Finally, Fonville Wealth Management LLC purchased a new position in shares of Science Applications International in the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $100.64 on Wednesday. Science Applications International Co. has a 12-month low of $95.86 and a 12-month high of $156.34. The stock has a market capitalization of $4.92 billion, a P/E ratio of 16.97 and a beta of 0.66. The firm’s 50-day moving average is $109.56 and its two-hundred day moving average is $125.19. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. Science Applications International’s dividend payout ratio is currently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAIC. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lowered their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Cantor Fitzgerald initiated coverage on shares of Science Applications International in a research note on Friday, February 7th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average price target of $137.22.

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.