Insider Buying: Science Applications International Co. (NYSE:SAIC) Director Buys $25,047.50 in Stock

Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. bought 215 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the purchase, the director now owns 919 shares in the company, valued at approximately $107,063.50. This represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Science Applications International Stock Down 2.2 %

SAIC stock opened at $111.70 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $106.21 and a two-hundred day moving average of $120.97. 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 cap of $5.33 billion, a price-to-earnings ratio of 18.84 and a beta of 0.58.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate 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 return on equity of 24.18% and a net margin of 4.11%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, 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 company 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. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. Science Applications International’s payout ratio is 20.58%.

Institutional Investors Weigh In On Science Applications International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International in the 4th quarter valued at approximately $28,000. True Wealth Design LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $48,000. Quarry LP purchased a new position in Science Applications International in the third quarter worth approximately $71,000. Kapitalo Investimentos Ltda acquired a new stake in Science Applications International during the fourth quarter worth $58,000. Finally, Jones Financial Companies Lllp raised its position in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAIC has been the topic of a number of recent analyst reports. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Truist Financial decreased their price objective 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. Finally, StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average 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.