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

TD Private Client Wealth LLC increased its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 53.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,524 shares of the information technology services provider’s stock after acquiring an additional 532 shares during the quarter. TD Private Client Wealth LLC’s holdings in Science Applications International were worth $212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SAIC. Arete Wealth Advisors LLC boosted its holdings in shares of Science Applications International by 42.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider’s stock worth $1,063,000 after buying an additional 2,260 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in Science Applications International in the third quarter worth about $249,000. Geode Capital Management LLC boosted its stake in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after acquiring an additional 18,102 shares during the last quarter. XTX Topco Ltd grew its position in shares of Science Applications International by 219.5% during the 3rd quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock valued at $1,482,000 after acquiring an additional 7,310 shares during the period. Finally, State Street Corp increased its stake in shares of Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after purchasing an additional 15,166 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Down 0.4 %

Shares of Science Applications International stock opened at $113.06 on Friday. The company’s 50-day moving average price is $135.27 and its 200-day moving average price is $128.65. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12-month low of $111.34 and a 12-month high of $156.34. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 19.07 and a beta of 0.64.

Science Applications International Dividend Announcement

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Analyst Ratings Changes

Several equities analysts have weighed in on SAIC shares. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Barclays lifted their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. TD Cowen upped their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Citigroup increased their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, UBS Group began coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

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.