Science Applications International Co. (NYSE:SAIC) Director Purchases $55,290.00 in Stock

Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt acquired 500 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average cost of $110.58 per share, with a total value of $55,290.00. Following the acquisition, the director now owns 6,841 shares in the company, valued at $756,477.78. The trade was a 7.89 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Science Applications International Price Performance

Shares of SAIC opened at $111.36 on Friday. The business has a 50-day simple moving average of $106.43 and a two-hundred day simple moving average of $121.90. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The stock has a market cap of $5.32 billion, a PE ratio of 18.78 and a beta of 0.66. 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) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

Institutional Trading of Science Applications International

Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the 4th quarter valued at $28,000. True Wealth Design LLC acquired a new stake in Science Applications International during the 4th quarter worth about $48,000. Quarry LP bought a new position in shares of Science Applications International in the 3rd quarter worth about $71,000. Kapitalo Investimentos Ltda bought a new stake in shares of Science Applications International during the 4th quarter valued at about $58,000. Finally, Jones Financial Companies Lllp grew its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAIC. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company upped their target price on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Truist Financial decreased their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.00.

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.