Oddo BHF Asset Management Sas Buys New Position in Science Applications International Co. (NYSE:SAIC)

Oddo BHF Asset Management Sas purchased a new position in shares of Science Applications International Co. (NYSE:SAIC) in the 3rd quarter, HoldingsChannel reports. The firm purchased 12,297 shares of the information technology services provider’s stock, valued at approximately $1,713,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIC. Farther Finance Advisors LLC grew its stake in Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after purchasing an additional 4,939 shares during the period. Seizert Capital Partners LLC grew its position in shares of 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 buying an additional 10,326 shares during the period. Van ECK Associates Corp increased its stake in shares of Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after acquiring an additional 44,990 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of Science Applications International by 59.7% during the 3rd 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 acquiring an additional 4,796 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after purchasing an additional 245,005 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SAIC has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. Truist Financial upped their target price 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 shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Trading Down 0.4 %

Shares of Science Applications International stock opened at $113.06 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $135.27 and a 200 day simple moving average of $128.69. 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 capitalization of $5.53 billion, a P/E 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. Stockholders of record on Friday, January 10th will be issued a $0.37 dividend. The ex-dividend date 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 is currently 24.96%.

Insider Activity at Science Applications International

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price 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. This trade represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

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.