Oddo BHF Asset Management Sas Takes $1.71 Million Position in Science Applications International Co. (NYSE:SAIC)

Oddo BHF Asset Management Sas bought a new position in shares of Science Applications International Co. (NYSE:SAIC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,297 shares of the information technology services provider’s stock, valued at approximately $1,713,000.

Other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. SG Americas Securities LLC lifted its holdings in Science Applications International by 16.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,845 shares of the information technology services provider’s stock worth $1,275,000 after purchasing an additional 1,518 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Science Applications International by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider’s stock valued at $485,000 after purchasing an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Science Applications International in the 2nd quarter valued at $201,000. Finally, Blue Trust Inc. increased its position in Science Applications International by 48.5% during the 2nd quarter. Blue Trust Inc. now owns 1,368 shares of the information technology services provider’s stock worth $178,000 after buying an additional 447 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIC. Citigroup boosted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group reduced their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday. TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Truist Financial raised their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.38.

Insider Activity

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Science Applications International Trading Down 0.4 %

Shares of Science Applications International stock opened at $113.06 on Friday. The firm’s 50 day moving average is $135.27 and its 200 day moving average is $128.69. The firm has a market capitalization of $5.53 billion, a PE ratio of 19.07 and a beta of 0.64. Science Applications International Co. has a 1 year low of $111.34 and a 1 year high of $156.34. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. Science Applications International’s dividend payout ratio (DPR) 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.