BlackRock Amends SAIC Stake: 12th 13G/A Filing on Common Stock
Ticker: SAIC · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1571123
| Field | Detail |
|---|---|
| Company | Science Applications International Corp (SAIC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, shareholder-activity
TL;DR
**BlackRock just updated its SAIC holdings, watch for potential stock movement.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in Science Applications International Corporation (SAIC) as of December 31, 2023. This is the 12th amendment to their Schedule 13G filing. While the specific percentage change isn't detailed in the provided text, the filing signals that BlackRock, a major institutional investor, has adjusted its position in SAIC's common stock. This matters to investors because significant changes by large institutional holders like BlackRock can influence stock price and reflect their updated outlook on the company's future performance.
Why It Matters
Changes in holdings by major institutional investors like BlackRock can signal shifts in market sentiment or investment strategy, potentially impacting SAIC's stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership changes and doesn't inherently indicate high risk, though the underlying reason for the change could be relevant.
Analyst Insight
Investors should monitor BlackRock's future filings and SAIC's stock performance for any correlation, but this filing alone doesn't necessitate immediate action.
Key Numbers
- 12 — Amendment Number (This is the 12th amendment to BlackRock's Schedule 13G filing for SAIC.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Science Applications International Corporation (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock's next SC 13G/A filing for SAIC will occur around January 2025, assuming continued institutional ownership. (BlackRock Inc.) — high confidence, target: January 2025
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Which entity filed this SC 13G/A?
This SC 13G/A was filed by BlackRock Inc., a company with a Central Index Key (CIK) of 0001364742.
What is the subject company of this filing?
The subject company is Science Applications International Corporation (SAIC), identified by CIK 0001571123.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
How many amendments has BlackRock Inc. filed for SAIC's common stock?
This filing is Amendment No. 12, indicating BlackRock Inc. has filed 12 amendments to its Schedule 13G for Science Applications International Corporation's common stock.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Science Applications International Corp (SAIC).