Insider Buying: Science Applications International Co. (NYSE:SAIC) Director Acquires $25,101.25 in Stock

Science Applications International Co. (NYSE:SAIC) Director Garth Graham acquired 215 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was bought at an average price of $116.75 per share, with a total value of $25,101.25. Following the acquisition, the director now directly owns 7,159 shares in the company, valued at $835,813.25. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Science Applications International Price Performance

Shares of SAIC opened at $116.35 on Thursday. The company’s 50-day moving average is $107.38 and its 200-day moving average is $119.51. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $5.55 billion, a PE ratio of 19.62 and a beta of 0.58. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week high of $156.34.

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

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.27%. Science Applications International’s payout ratio is currently 20.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth $28,000. Parallel Advisors LLC increased its position in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 148 shares during the period. True Wealth Design LLC acquired a new stake in Science Applications International in the 4th quarter worth about $48,000. Fifth Third Bancorp boosted its holdings in Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 88 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International during the 4th quarter worth approximately $58,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. 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 research report on Tuesday, March 18th. Wells Fargo & Company decreased their target price on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. UBS Group upped their price target 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. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $131.33.

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.