Science Applications International Co. (NYSE:SAIC) CEO Purchases $223,340.00 in Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley acquired 2,000 shares of the company’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the transaction, the chief executive officer now owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was a 4.63 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $115.70 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The business has a fifty day moving average of $106.08 and a 200-day moving average of $121.20. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The firm has a market cap of $5.52 billion, a PE ratio of 19.51 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 dividend on an annualized basis and a yield of 1.28%. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its position in Science Applications International by 27.0% in the fourth 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 during the last quarter. State Street Corp raised its holdings in shares of Science Applications International by 1.0% during 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 period. First Trust Advisors LP lifted its holdings in shares of Science Applications International by 0.3% in the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock worth $136,163,000 after purchasing an additional 3,078 shares in the last quarter. Geode Capital Management LLC lifted its position in Science Applications International by 1.9% in the 3rd 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 in the last quarter. Finally, Norges Bank bought a new position in Science Applications International during the 4th quarter valued at $63,572,000. 76.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SAIC shares. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their target price on 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. Finally, Truist Financial reduced their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $134.00.

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.