Science Applications International Co. (NYSE:SAIC) EVP Buys $45,712.00 in Stock

Science Applications International Co. (NYSE:SAIC) EVP James Joshua Jackson bought 400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Science Applications International Trading Up 1.5 %

SAIC stock opened at $117.74 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $123.94 and a two-hundred day moving average price of $128.36. Science Applications International Co. has a one year low of $104.26 and a one year high of $145.17. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 15.35 and a beta of 0.69.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.92. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis. Equities analysts anticipate that Science Applications International Co. will post 8.1 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, July 12th. Science Applications International’s dividend payout ratio is currently 17.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on SAIC. JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday. StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. Finally, Truist Financial reduced their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $125.00.

Institutional Investors Weigh In On Science Applications International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Science Applications International by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after buying an additional 194,160 shares in the last quarter. First Trust Advisors LP raised its stake in Science Applications International by 14.8% in the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after purchasing an additional 233,075 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Science Applications International by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,023,463 shares of the information technology services provider’s stock valued at $127,238,000 after purchasing an additional 21,346 shares in the last quarter. LSV Asset Management raised its stake in Science Applications International by 0.4% in the fourth quarter. LSV Asset Management now owns 604,035 shares of the information technology services provider’s stock valued at $75,094,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Norges Bank acquired a new position in Science Applications International in the fourth quarter valued at about $75,040,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.