Should You Buy SAIC, Inc. (SAI)?

Page 1 of 2

Is it a good idea to be bullish on SAIC, Inc. (NYSE:SAI)?

If you were to ask many market players, hedge funds are perceived as bloated, outdated financial vehicles of an era lost to time. Although there are over 8,000 hedge funds with their doors open today, this site looks at the aristocrats of this group, about 525 funds. Analysts calculate that this group has its hands on the lion’s share of the hedge fund industry’s total assets, and by paying attention to their highest performing picks, we’ve unearthed a number of investment strategies that have historically beaten the S&P 500. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have topped the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Just as crucial, optimistic insider trading sentiment is a second way to look at the stock market universe. Just as you’d expect, there are a variety of motivations for an executive to cut shares of his or her company, but just one, very simple reason why they would initiate a purchase. Various empirical studies have demonstrated the useful potential of this method if “monkeys” understand where to look (learn more here).

Furthermore, let’s discuss the newest info surrounding SAIC, Inc. (NYSE:SAI).

SAIC, Inc. (NYSE:SAI)

What does the smart money think about SAIC, Inc. (NYSE:SAI)?

Heading into Q3, a total of 22 of the hedge funds we track were long in this stock, a change of 38% from one quarter earlier. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were increasing their holdings significantly.

Out of the hedge funds we follow, David Cohen and Harold Levy’s Iridian Asset Management had the largest position in SAIC, Inc. (NYSE:SAI), worth close to $163.4 million, comprising 2.1% of its total 13F portfolio. Coming in second is First Eagle Investment Management, managed by Matt McLennan, which held a $25.1 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Gregg J. Powers’s Private Capital Management and Mark Travis’s Intrepid Capital Management.

With a general bullishness amongst the titans, particular hedge funds have jumped into SAIC, Inc. (NYSE:SAI) headfirst. Iridian Asset Management, managed by David Cohen and Harold Levy, assembled the largest position in SAIC, Inc. (NYSE:SAI). Iridian Asset Management had 163.4 million invested in the company at the end of the quarter. Matt McLennan’s First Eagle Investment Management also made a $25.1 million investment in the stock during the quarter. The following funds were also among the new SAI investors: Jim Simons’s Renaissance Technologies, Gregg J. Powers’s Private Capital Management, and Mark Travis’s Intrepid Capital Management.

What do corporate executives and insiders think about SAIC, Inc. (NYSE:SAI)?

Legal insider trading, particularly when it’s bullish, is at its handiest when the company in focus has seen transactions within the past six months. Over the latest six-month time period, SAIC, Inc. (NYSE:SAI) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to SAIC, Inc. (NYSE:SAI). These stocks are Jacobs Engineering Group Inc (NYSE:JEC), The Shaw Group Inc. (NYSE:SHAW), AECOM Technology Corp (NYSE:ACM), URS Corp (NYSE:URS), and KBR, Inc. (NYSE:KBR). This group of stocks are in the technical services industry and their market caps resemble SAI’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!