Vincent P. Difronzo Buys 795 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC) EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the acquisition, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Science Applications International Stock Performance

Shares of SAIC opened at $121.16 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 13.69 and a beta of 0.70. The company’s 50 day simple moving average is $133.53 and its 200 day simple moving average is $124.48. Science Applications International Co. has a 1 year low of $95.43 and a 1 year high of $145.17.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company posted $2.04 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, sell-side analysts predict that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 16.72%.

Hedge Funds Weigh In On Science Applications International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in Science Applications International during the fourth quarter worth approximately $25,000. CVA Family Office LLC acquired a new position in Science Applications International during the fourth quarter worth approximately $26,000. Quarry LP increased its position in Science Applications International by 100.0% during the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 109 shares during the last quarter. Gradient Investments LLC increased its position in Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. Wells Fargo & Company upped their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Truist Financial reissued a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research note on Friday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $127.60.

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.