Science Applications International Co. (NYSE:SAIC) CEO Purchases $377,880.00 in Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley bought 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The stock was purchased at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Science Applications International Trading Down 2.0 %

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

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

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. Science Applications International’s dividend payout ratio is 16.72%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAIC. JPMorgan Chase & Co. reduced their target price on 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 target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. 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. StockNews.com cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company boosted their price objective on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. UBS Group AG grew its stake in shares of Science Applications International by 108.7% during the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock valued at $5,702,000 after buying an additional 28,139 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Science Applications International by 12,348.8% in the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after purchasing an additional 91,134 shares during the period. FMR LLC boosted its holdings in shares of Science Applications International by 13.2% in the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after purchasing an additional 328,426 shares during the period. Invesco Ltd. boosted its holdings in shares of Science Applications International by 11.7% in the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock valued at $65,030,000 after purchasing an additional 64,406 shares during the period. Finally, Versor Investments LP purchased a new stake in shares of Science Applications International in the third quarter valued at approximately $422,000. Institutional investors own 76.00% 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.