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

Science Applications International logo with Computer and Technology background

Oddo BHF Asset Management Sas bought a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the third quarter, according to the company in its most recent disclosure 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.

Several other institutional investors have also recently made changes to their positions in SAIC. UMB Bank n.a. grew its stake in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock worth $29,000 after buying an additional 171 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Science Applications International during the second quarter valued at $27,000. GAMMA Investing LLC raised its position in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC boosted its stake 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 worth $48,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 76.00% of the company's stock.

Insider Activity

In related news, EVP Barbara Supplee bought 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company's stock.

Science Applications International Trading Down 0.4 %

Shares of Science Applications International stock traded down $0.45 on Friday, reaching $113.06. The company had a trading volume of 441,315 shares, compared to its average volume of 328,863. 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 firm's 50-day moving average price is $135.27 and its two-hundred day moving average price is $128.69. The firm has a market cap of $5.53 billion, a price-to-earnings 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.

Science Applications International Dividend Announcement

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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's payout ratio is presently 24.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SAIC. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Barclays upped their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Monday, September 16th. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company upped their price target on Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Science Applications International has an average rating of "Moderate Buy" and an average price target of $144.38.

View Our Latest Stock Analysis on Science Applications International

Science Applications International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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