Science Applications International Co. (NYSE:SAIC) Stock Holdings Lifted by Lbp Am Sa

LBP AM SA lifted its holdings in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 167.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,225 shares of the information technology services provider's stock after acquiring an additional 12,025 shares during the quarter. LBP AM SA's holdings in Science Applications International were worth $2,149,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth about $28,000. Quarry LP purchased a new stake in shares of Science Applications International during the third quarter worth about $71,000. Jones Financial Companies Lllp increased its holdings in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider's stock valued at $75,000 after buying an additional 167 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Science Applications International in the third quarter valued at about $200,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now owns 6,864 shares of the company's stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on SAIC shares. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and lowered their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Science Applications International presently has an average rating of "Hold" and a consensus price target of $134.00.

Science Applications International Stock Performance

Shares of NYSE SAIC traded down $6.79 during midday trading on Thursday, hitting $105.98. 1,630,001 shares of the company's stock were exchanged, compared to its average volume of 429,669. 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's 50 day moving average price is $107.37 and its 200-day moving average price is $122.79. The firm has a market cap of $5.18 billion, a P/E ratio of 17.87 and a beta of 0.66. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Equities research analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Science Applications International's dividend payout ratio is presently 20.58%.

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.