BNP Paribas Financial Markets Boosts Stake in Science Applications International Co. (NYSE:SAIC)

BNP Paribas Financial Markets increased its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 305.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,688 shares of the information technology services provider's stock after acquiring an additional 33,665 shares during the period. BNP Paribas Financial Markets owned about 0.09% of Science Applications International worth $4,995,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAIC. Empowered Funds LLC increased its stake in Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after buying an additional 874 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in Science Applications International in the 4th quarter valued at about $312,000. Pure Financial Advisors LLC increased its stake in Science Applications International by 19.0% in the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock valued at $2,062,000 after buying an additional 2,946 shares during the last quarter. Truist Financial Corp increased its stake in Science Applications International by 6.4% in the 4th quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after buying an additional 233 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Science Applications International in the 4th quarter valued at about $1,414,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

SAIC traded down $0.74 on Monday, hitting $122.67. The company's stock had a trading volume of 470,826 shares, compared to its average volume of 506,222. The company's 50 day simple moving average is $115.43 and its 200-day simple moving average is $115.20. The firm has a market cap of $5.86 billion, a P/E ratio of 20.69 and a beta of 0.55. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Analyst Upgrades and Downgrades

SAIC has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Truist Financial decreased their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded shares of 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, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $131.20.

Insider Buying and Selling at Science Applications International

In other news, Director Carolyn B. Handlon purchased 230 shares of the business's stock in a transaction on Monday, April 7th. The stock was purchased at an average cost of $109.93 per share, with a total value of $25,283.90. Following the acquisition, the director now directly owns 4,032 shares in the company, valued at approximately $443,237.76. This trade represents a 6.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the business's stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. This trade represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 3,260 shares of company stock valued at $365,037 in the last three months. Company insiders own 0.44% of the company's stock.

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.