Y Intercept Hong Kong Ltd Takes $1.63 Million Position in Science Applications International Co. (NYSE:SAIC)

Y Intercept Hong Kong Ltd purchased a new stake in Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,574 shares of the information technology services provider’s stock, valued at approximately $1,629,000.

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 valued at approximately $28,000. Quarry LP purchased a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $71,000. Covestor Ltd raised its stake 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 acquiring an additional 421 shares during the period. Tidal Investments LLC purchased a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $200,000. Finally, Fonville Wealth Management LLC purchased a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $203,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 value of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Barbara Supplee bought 425 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Science Applications International Trading Up 1.8 %

NYSE SAIC opened at $100.64 on Wednesday. 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 52 week low of $95.86 and a 52 week high of $156.34. The stock has a market capitalization of $4.92 billion, a PE ratio of 16.97 and a beta of 0.66. The firm has a 50 day moving average of $109.56 and a two-hundred day moving average of $125.19.

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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SAIC. Cantor Fitzgerald began coverage on shares of Science Applications International in a research note on Friday, February 7th. They set a “neutral” rating and a $120.00 target price on the stock. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. 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 on the stock in a research note on Thursday, December 12th. Finally, Wells Fargo & Company cut their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.22.

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.