Science Applications International Co. (NYSE:SAIC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 79.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,023 shares of the information technology services provider's stock after buying an additional 4,866 shares during the quarter. BNP Paribas Financial Markets' holdings in Science Applications International were worth $1,535,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SAIC. Farther Finance Advisors LLC lifted its holdings in shares of Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider's stock valued at $690,000 after purchasing an additional 4,939 shares in the last quarter. Seizert Capital Partners LLC lifted its stake in Science Applications International by 36.3% in 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 purchasing an additional 10,326 shares in the last quarter. Van ECK Associates Corp increased its stake in Science Applications International by 21.9% in the third 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 during the last quarter. Cassaday & Co Wealth Management LLC grew its holdings 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 purchasing an additional 4,796 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of 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 buying an additional 245,005 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Down 1.7 %

NYSE SAIC traded down $1.99 on Monday, hitting $116.07. The stock had a trading volume of 761,695 shares, compared to its average volume of 322,625. Science Applications International Co. has a 52-week low of $112.00 and a 52-week high of $156.34. The business's fifty day moving average price is $137.62 and its 200 day moving average price is $129.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 19.57 and a beta of 0.64.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the previous year, the business posted $2.05 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Science Applications International Co. will post 8.55 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's dividend payout ratio (DPR) is currently 24.96%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, September 6th. StockNews.com downgraded shares of Science Applications International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Truist Financial increased 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. Citigroup lifted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They set a "neutral" rating and a $134.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $145.25.

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.