Science Applications International Co. (NYSE:SAIC) EVP Buys $10,974.00 in Stock

Science Applications International Co. (NYSE:SAIC) EVP Hilary Hageman purchased 100 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of $109.74 per share, for a total transaction of $10,974.00. Following the completion of the transaction, the executive vice president now owns 16,993 shares of the company’s stock, valued at $1,864,811.82. This represents a 0.59 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Science Applications International Stock Up 1.0 %

SAIC stock traded up $1.13 during midday trading on Wednesday, reaching $109.60. The company had a trading volume of 766,397 shares, compared to its average volume of 437,273. The company has a 50 day moving average of $106.66 and a two-hundred day moving average of $122.06. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a market capitalization of $5.23 billion, a P/E ratio of 18.48 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. On average, equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.35%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SAIC shares. Truist Financial dropped 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. Wells Fargo & Company increased their price objective 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. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group upped their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, March 18th. One equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average price target of $134.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAIC. Norges Bank acquired a new position in Science Applications International during the fourth quarter valued at approximately $63,572,000. Fuller & Thaler Asset Management Inc. grew its stake in Science Applications International by 27.0% in the 4th 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 buying an additional 464,989 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Science Applications International in the 4th quarter worth $34,909,000. AQR Capital Management LLC lifted its position in Science Applications International by 68.4% during the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider’s stock worth $49,413,000 after acquiring an additional 179,963 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Science Applications International during the fourth quarter valued at about $18,694,000. 76.00% of the stock is owned by institutional investors.

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.