Tidal Investments LLC Makes New $200,000 Investment in Science Applications International Co. (NYSE:SAIC)

Tidal Investments LLC bought a new position in Science Applications International Co. (NYSE:SAIC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,437 shares of the information technology services provider’s stock, valued at approximately $200,000.

A number of other hedge funds also recently made changes to their positions in SAIC. International Assets Investment Management LLC grew its stake in 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 worth $34,215,000 after buying an additional 245,005 shares during the period. Van ECK Associates Corp lifted its holdings in Science Applications International by 122.7% in the 2nd quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock worth $24,168,000 after buying an additional 113,260 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after acquiring an additional 56,414 shares in the last quarter. American Century Companies Inc. boosted its holdings in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Science Applications International by 9.7% in the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after purchasing an additional 27,664 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Activity

In other news, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SAIC. Citigroup raised their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays boosted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. The Goldman Sachs Group dropped their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. TD Cowen upgraded shares of Science Applications International to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

Science Applications International Trading Down 0.1 %

Science Applications International stock opened at $111.26 on Thursday. The company has a 50 day moving average price of $130.75 and a 200 day moving average price of $128.12. 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 Co. has a 52 week low of $108.90 and a 52 week high of $156.34. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 18.76 and a beta of 0.65.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International’s dividend payout ratio is presently 24.96%.

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.