Science Applications International Co. (NYSE:SAIC) CEO Buys $223,340.00 in Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares of the company’s stock, valued at $5,045,585.61. This trade represents a 4.63 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Science Applications International Stock Performance

Science Applications International stock traded down $0.26 during mid-day trading on Monday, reaching $112.27. The company’s stock had a trading volume of 1,049,725 shares, compared to its average volume of 455,878. The firm’s fifty day moving average price is $106.36 and its two-hundred day moving average price is $121.56. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The company has a market capitalization of $5.36 billion, a P/E ratio of 18.93 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Sell-side analysts predict that Science Applications International Co. will post 8.27 EPS 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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, April 11th. Science Applications International’s dividend payout ratio is presently 20.58%.

Analyst Ratings Changes

SAIC has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Truist Financial decreased their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $134.00.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Chancellor Financial Group WB LP bought a new stake in Science Applications International during the 4th quarter worth approximately $234,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Science Applications International by 139.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,865 shares of the information technology services provider’s stock valued at $1,103,000 after purchasing an additional 5,750 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Science Applications International by 4.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,325 shares of the information technology services provider’s stock worth $819,000 after purchasing an additional 314 shares during the period. Wealthedge Investment Advisors LLC purchased a new stake in shares of Science Applications International in the fourth quarter worth $447,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Science Applications International during the fourth quarter valued at $3,382,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.