Aigen Investment Management LP Makes New $485,000 Investment in Science Applications International Co. (NYSE:SAIC)

Aigen Investment Management LP purchased a new position in shares of Science Applications International Co. (NYSE:SAIC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,341 shares of the information technology services provider’s stock, valued at approximately $485,000.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its position in shares of Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after acquiring an additional 874 shares during the period. Seizert Capital Partners LLC lifted its holdings in Science Applications International by 36.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after purchasing an additional 10,326 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in Science Applications International in the 4th quarter worth about $312,000. Pure Financial Advisors LLC grew its holdings in Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after buying an additional 2,946 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its position in shares of Science Applications International by 59.7% during the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock valued at $1,787,000 after buying an additional 4,796 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. The Goldman Sachs Group lowered their price objective 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 lowered Science Applications International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average price target of $136.11.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s 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 sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price 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 in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Science Applications International Stock Performance

NYSE SAIC opened at $111.25 on Friday. The company has a 50-day simple moving average of $108.03 and a two-hundred day simple moving average of $123.91. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 18.76 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Announces Dividend

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 dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International’s payout ratio is 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.