14,574 Shares in Science Applications International Co. (NYSE:SAIC) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,574 shares of the information technology services provider's stock, valued at approximately $1,629,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Raymond James & Associates raised its stake in Science Applications International by 4.9% in the third quarter. Raymond James & Associates now owns 76,873 shares of the information technology services provider's stock valued at $10,706,000 after purchasing an additional 3,598 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Science Applications International by 60.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 30,536 shares of the information technology services provider's stock valued at $4,253,000 after purchasing an additional 11,512 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Science Applications International in the third quarter valued at about $210,000. International Assets Investment Management LLC raised its stake in Science Applications International by 36,732.4% in 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 purchasing an additional 245,005 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Science Applications International by 1.4% during the third quarter. State of Alaska Department of Revenue now owns 20,949 shares of the information technology services provider's stock worth $2,917,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have commented on SAIC. 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 research note on Friday, December 6th. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They set a "neutral" rating and a $134.00 target price for the company. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their target price 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. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $136.11.

Insider Activity at Science Applications International

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the acquisition, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Science Applications International Trading Down 1.8 %

Shares of Science Applications International stock traded down $1.77 on Friday, hitting $98.79. The stock had a trading volume of 925,698 shares, compared to its average volume of 633,895. The stock has a 50 day moving average of $108.91 and a 200 day moving average of $124.69. Science Applications International Co. has a twelve month low of $95.59 and a twelve month high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $4.83 billion, a P/E ratio of 16.66 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International's payout ratio is presently 24.96%.

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.