Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley Buys 2,000 Shares

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now owns 45,183 shares of the company’s stock, valued at $5,045,585.61. This trade represents a 4.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Science Applications International Stock Down 0.2 %

SAIC stock traded down $0.26 during midday trading on Monday, reaching $112.27. 1,049,725 shares of the company’s stock traded hands, compared to its average volume of 455,878. 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’s fifty day moving average price is $106.36 and its 200-day moving average price is $121.56. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 18.93 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 EPS for the quarter, topping 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 company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal 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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SAIC. Fuller & Thaler Asset Management Inc. lifted its stake in Science Applications International by 27.0% during 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 acquiring an additional 464,989 shares in the last quarter. State Street Corp raised its holdings in shares of Science Applications International by 1.0% in the third 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 last quarter. First Trust Advisors LP lifted its position in shares of Science Applications International by 0.3% during the fourth 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 in the last quarter. 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 purchasing an additional 18,102 shares during the last quarter. Finally, Norges Bank bought a new stake in Science Applications International in the 4th quarter worth about $63,572,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAIC. The Goldman Sachs Group dropped their price objective 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. Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered 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 note on Friday, December 6th. Truist Financial cut 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 research note on Tuesday, March 18th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have issued 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, the company has an average 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.