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

Science Applications International Co. (NYSE:SAIC) EVP Hilary Hageman purchased 100 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $109.74 per share, with a total value of $10,974.00. Following the completion of the acquisition, the executive vice president now owns 16,993 shares in the company, valued at approximately $1,864,811.82. This represents a 0.59 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Science Applications International Stock Performance

NYSE SAIC traded up $1.13 during trading hours on Wednesday, hitting $109.60. The company had a trading volume of 766,397 shares, compared to its average volume of 437,273. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The firm has a market cap of $5.23 billion, a P/E ratio of 18.48 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. The business has a fifty day simple moving average of $106.66 and a 200-day simple moving average of $122.06.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.43 EPS. Science Applications International’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts predict that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

Institutional Trading of Science Applications International

Several hedge funds have recently added to or reduced their stakes in SAIC. Empowered Funds LLC raised its stake in shares of Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after purchasing an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $312,000. Pure Financial Advisors LLC boosted its holdings in shares of Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after acquiring an additional 2,946 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Science Applications International by 219.5% in the third quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock valued at $1,482,000 after acquiring an additional 7,310 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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 valued at $137,227,000 after acquiring an additional 18,102 shares during the period. Institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SAIC shares. UBS Group raised their target price on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, March 18th. Wells Fargo & Company lifted their price objective on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” 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. The Goldman Sachs Group cut their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price 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.