Aigen Investment Management LP Invests $485,000 in Science Applications International Co. (NYSE:SAIC)

Aigen Investment Management LP bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 4,341 shares of the information technology services provider's stock, valued at approximately $485,000.

A number of other large investors have also recently modified their holdings of SAIC. Empowered Funds LLC grew its position in shares of Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after buying an additional 874 shares during the period. Seizert Capital Partners LLC grew its holdings in Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider's stock worth $5,404,000 after purchasing an additional 10,326 shares during the period. First Citizens Bank & Trust Co. bought a new position in shares of Science Applications International during the fourth quarter valued at approximately $312,000. Pure Financial Advisors LLC lifted its holdings in shares of Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock valued at $2,062,000 after purchasing an additional 2,946 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its position in shares of Science Applications International by 59.7% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider's stock worth $1,787,000 after purchasing an additional 4,796 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

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Science Applications International Trading Down 4.8 %

NYSE SAIC traded down $5.32 during trading on Tuesday, hitting $106.19. The stock had a trading volume of 969,300 shares, compared to its average volume of 720,798. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34. The stock has a 50 day simple moving average of $108.05 and a 200 day simple moving average of $123.78. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 17.91 and a beta of 0.66. 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 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 $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, January 10th. Science Applications International's dividend payout ratio is currently 24.96%.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares of the company's stock, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group lowered their price objective on 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. 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 for the company. Wells Fargo & Company lowered their price target on Science Applications International from $149.00 to $139.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $136.11.

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.