Abound Financial LLC Makes New Investment in Science Applications International Co. (NYSE:SAIC)

Abound Financial LLC bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,442 shares of the information technology services provider's stock, valued at approximately $497,000.

A number of other hedge funds have also made changes to their positions in SAIC. International Assets Investment Management LLC lifted its holdings in shares of Science Applications International by 36,732.4% during 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 period. Van ECK Associates Corp boosted its holdings in Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock worth $36,529,000 after buying an additional 76,204 shares during the last quarter. ING Groep NV acquired a new stake in Science Applications International in the fourth quarter worth $3,912,000. Ieq Capital LLC bought a new position in Science Applications International during the fourth quarter worth about $2,670,000. Finally, Systematic Financial Management LP lifted its stake in Science Applications International by 9.2% in the third quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider's stock valued at $32,033,000 after buying an additional 19,446 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

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Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the company'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 represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Barbara Supplee purchased 425 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost 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. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Science Applications International Stock Up 0.1 %

Shares of SAIC stock traded up $0.15 during trading hours on Wednesday, reaching $100.79. The company had a trading volume of 406,425 shares, compared to its average volume of 627,736. 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 market cap of $4.93 billion, a price-to-earnings ratio of 17.00 and a beta of 0.66. The business has a fifty day simple moving average of $109.56 and a 200-day simple moving average of $125.19. Science Applications International Co. has a 12 month low of $95.86 and a 12 month high of $156.34.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. Science Applications International's payout ratio is presently 24.96%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. 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 raised Science Applications International to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday, December 6th. UBS Group began coverage on 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 downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $155.00 to $120.00 in a research report 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $136.11.

About Science Applications International

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.