Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. Purchases 215 Shares

Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. acquired 215 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $116.50 per share, with a total value of $25,047.50. Following the transaction, the director now directly owns 919 shares in the company, valued at $107,063.50. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Science Applications International Trading Down 2.2 %

Shares of NYSE:SAIC opened at $111.70 on Friday. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company’s 50 day moving average is $106.21 and its two-hundred day moving average is $120.97. The company has a market cap of $5.33 billion, a PE ratio of 18.84 and a beta of 0.58. 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 (NYSE:SAIC) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Equities analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company 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. 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 payout ratio is currently 20.58%.

Institutional Trading of Science Applications International

Large investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after buying an additional 464,989 shares during the last quarter. State Street Corp lifted its position in Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after acquiring an additional 15,166 shares during the period. First Trust Advisors LP grew 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares during the period. Finally, Norges Bank purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $63,572,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAIC. JPMorgan Chase & Co. lowered their price target on 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. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and lowered their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Truist Financial cut their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company upped their target price on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. 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’s stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $134.00.

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.