Insider Buying: Science Applications International Co. (NYSE:SAIC) Director Acquires 230 Shares of Stock

Science Applications International Co. (NYSE:SAIC - Get Free Report) Director Carolyn B. Handlon acquired 230 shares of the company's stock in a transaction dated Monday, April 7th. The shares were bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the acquisition, the director now directly owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This trade represents a 6.05 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Science Applications International Stock Performance

Shares of SAIC traded up $3.55 on Friday, reaching $116.51. 610,631 shares of the company's stock traded hands, compared to its average volume of 483,644. The stock's 50 day simple moving average is $106.74 and its two-hundred day simple moving average is $119.81. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The stock has a market cap of $5.56 billion, a PE ratio of 19.65 and a beta of 0.58.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping 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 company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $1.43 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

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Science Applications International Dividend Announcement

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

Institutional Investors Weigh In On Science Applications International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new stake in Science Applications International during the 4th quarter worth approximately $28,000. Parallel Advisors LLC grew its position in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Science Applications International in the fourth quarter worth $48,000. Quarry LP purchased a new stake in shares of Science Applications International in the third quarter worth $71,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Science Applications International during the fourth quarter worth about $58,000. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAIC. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company cut their price target on 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. Truist Financial lowered their price objective 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. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $132.22.

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.