Abound Financial LLC Makes New $497,000 Investment in Science Applications International Co. (NYSE:SAIC)

Abound Financial LLC acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,442 shares of the information technology services provider’s stock, valued at approximately $497,000.

A number of other hedge funds have also recently added to or reduced their stakes in SAIC. International Assets Investment Management LLC increased its stake in Science Applications International by 36,732.4% during the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after acquiring an additional 245,005 shares during the period. Van ECK Associates Corp increased its stake in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after purchasing an additional 76,204 shares during the last quarter. ING Groep NV bought a new position in shares of Science Applications International in the 4th quarter valued at $3,912,000. Ieq Capital LLC bought a new position in shares of Science Applications International in the 4th quarter valued at $2,670,000. Finally, Systematic Financial Management LP increased its stake in shares of Science Applications International by 9.2% in the 3rd quarter. Systematic Financial Management LP now owns 230,005 shares of the information technology services provider’s stock valued at $32,033,000 after purchasing an additional 19,446 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Analyst Ratings Changes

SAIC has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on Science Applications International in a research note on Friday, February 7th. They issued a “neutral” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on 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 decreased their price target on 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. UBS Group assumed coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.22.

Science Applications International Trading Down 4.8 %

Shares of SAIC stock opened at $97.84 on Friday. The firm has a market capitalization of $4.78 billion, a P/E ratio of 16.50 and a beta of 0.66. Science Applications International Co. has a twelve month low of $96.79 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $110.15 and its 200 day simple moving average is $125.46.

Science Applications International Dividend Announcement

The business also recently announced 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 1.51%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is presently 24.96%.

Insiders Place Their Bets

In related news, EVP Barbara Supplee bought 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, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated 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 directly 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. Company insiders own 0.67% of the company’s stock.

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.