Insider Buying: Science Applications International Co. (NYSE:SAIC) Director Purchases 500 Shares of Stock

Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $112.53 on Friday. Science Applications International Co. has a 52 week low of $94.68 and a 52 week 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 firm has a market cap of $5.37 billion, a P/E ratio of 18.98 and a beta of 0.66. The business’s 50 day moving average price is $106.36 and its 200 day moving average price is $121.74.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. On average, sell-side analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current 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 issued a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Institutional Trading of Science Applications International

Hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its holdings in Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after acquiring an additional 464,989 shares during the period. State Street Corp lifted its stake in shares of Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares during the period. First Trust Advisors LP lifted its stake in shares of Science Applications International by 0.3% in the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after purchasing an additional 3,078 shares during the period. Geode Capital Management LLC boosted its holdings in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after buying an additional 18,102 shares in the last quarter. Finally, Norges Bank acquired a new stake in Science Applications International during the fourth quarter valued at $63,572,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SAIC. UBS Group increased their price objective on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.