TD Private Client Wealth LLC Acquires 532 Shares of Science Applications International Co. (NYSE:SAIC)

TD Private Client Wealth LLC increased its stake in shares of Science Applications International Co. (NYSE:SAIC) by 53.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,524 shares of the information technology services provider’s stock after purchasing an additional 532 shares during the quarter. TD Private Client Wealth LLC’s holdings in Science Applications International were worth $212,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC bought a new position in shares of Science Applications International in the second quarter worth approximately $27,000. UMB Bank n.a. grew its holdings in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp raised its stake in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SAIC. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Truist Financial upped their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Finally, Citigroup lifted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

Insiders Place Their Bets

In related news, EVP Barbara Supplee purchased 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Trading Down 0.4 %

Shares of NYSE SAIC opened at $113.06 on Friday. The firm’s 50 day moving average price is $135.27 and its 200-day moving average price is $128.65. Science Applications International Co. has a 52-week low of $111.34 and a 52-week 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 company has a market cap of $5.53 billion, a PE ratio of 19.07 and a beta of 0.64.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.31%. Science Applications International’s dividend payout ratio is 24.96%.

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.