Ieq Capital LLC Invests $2.67 Million in Science Applications International Co. (NYSE:SAIC)

Ieq Capital LLC bought a new stake 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 fund bought 23,891 shares of the information technology services provider’s stock, valued at approximately $2,670,000.

A number of other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in Science Applications International during the fourth quarter valued at about $28,000. Quarry LP bought a new stake in Science Applications International during the 3rd quarter valued at approximately $71,000. Covestor Ltd lifted its holdings in Science Applications International by 45.1% in the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider’s stock worth $189,000 after purchasing an additional 421 shares in the last quarter. Tidal Investments LLC bought a new position in Science Applications International in the 3rd quarter worth approximately $200,000. Finally, Fonville Wealth Management LLC purchased a new stake in Science Applications International during the 3rd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SAIC shares. JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. Wells Fargo & Company reduced their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Cantor Fitzgerald assumed coverage on Science Applications International in a research note on Friday, February 7th. They set a “neutral” rating and a $120.00 price target for the company. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $137.22.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was 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 of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Science Applications International Price Performance

NYSE:SAIC opened at $97.84 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 16.50 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $110.15 and a 200-day simple moving average of $125.42. Science Applications International Co. has a 1 year low of $96.79 and a 1 year high of $156.34.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Science Applications International’s dividend 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.