Science Applications International Co. (NYSE:SAIC) Shares Bought by Lbp Am Sa

LBP AM SA raised its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 37.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,446 shares of the information technology services provider's stock after acquiring an additional 7,221 shares during the period. LBP AM SA owned approximately 0.06% of Science Applications International worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SAIC. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares during the last quarter. Xponance Inc. lifted its position in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after buying an additional 99 shares during the last quarter. Mariner LLC lifted its position in Science Applications International by 2.8% in the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock worth $433,000 after buying an additional 106 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Science Applications International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock worth $786,000 after buying an additional 142 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after buying an additional 148 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Down 2.7%

Shares of SAIC stock traded down $3.12 on Friday, hitting $113.21. The stock had a trading volume of 771,376 shares, compared to its average volume of 551,921. Science Applications International Co. has a one year low of $94.68 and a one year 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. The company has a market cap of $5.31 billion, a PE ratio of 19.09 and a beta of 0.49. The business has a 50 day moving average price of $113.15 and a 200 day moving average price of $111.39.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 earnings per share. Research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is 20.76%.

Analysts Set New Price Targets

SAIC has been the subject of several analyst reports. Stifel Nicolaus started coverage on shares of Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 target price for the company. UBS Group decreased their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Jefferies Financial Group raised their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Wells Fargo & Company raised their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Truist Financial decreased their target price on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $124.73.

Insider Activity at Science Applications International

In other news, Director Garth Graham bought 215 shares of Science Applications International stock in a transaction on Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the acquisition, the director owned 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.44% of the company's stock.

About Science Applications International

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.