Insider Buying: Science Applications International Co. (NYSE:SAIC) Director Acquires 500 Shares of Stock

Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt purchased 500 shares of Science Applications International stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of $110.58 per share, with a total value of $55,290.00. Following the acquisition, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. The trade was a 7.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Science Applications International Stock Performance

Shares of NYSE:SAIC traded up $1.76 during trading on Thursday, hitting $111.36. 581,064 shares of the company traded hands, compared to its average volume of 438,909. 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’s fifty day moving average is $106.53 and its 200-day moving average is $121.97. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 18.78 and a beta of 0.66. Science Applications International Co. has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.81 billion. During the same period in the prior year, the business earned $1.43 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial reduced their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. UBS Group boosted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. Wells Fargo & Company increased their price target on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group cut 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $134.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC raised its stake in Science Applications International by 124.1% during the 3rd quarter. Quest Partners LLC now owns 1,840 shares of the information technology services provider’s stock valued at $256,000 after acquiring an additional 1,019 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Science Applications International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after acquiring an additional 6,780 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Science Applications International by 116.1% during the third quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider’s stock valued at $2,210,000 after acquiring an additional 8,617 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Science Applications International by 79.0% during the third quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider’s stock valued at $1,535,000 after acquiring an additional 4,866 shares during the period. Finally, Townsquare Capital LLC bought a new stake in Science Applications International during the third quarter worth approximately $254,000. Institutional investors own 76.00% of the company’s stock.

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.