Milford W. Mcguirt Purchases 500 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC - Get Free Report) Director Milford W. Mcguirt bought 500 shares of the stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the purchase, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Science Applications International Stock Down 0.2 %

Shares of SAIC traded down $0.26 during mid-day trading on Monday, hitting $112.27. 1,049,725 shares of the company's stock were exchanged, compared to its average volume of 455,878. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market cap of $5.36 billion, a PE ratio of 18.93 and a beta of 0.66. The company has a 50-day simple moving average of $106.29 and a 200 day simple moving average of $121.40.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share 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 the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 annualized dividend and a yield of 1.32%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SAIC shares. Truist Financial lowered their price objective on shares of 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. JPMorgan Chase & Co. dropped their price target on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. UBS Group lifted their price objective on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. Wells Fargo & Company increased their target price on Science Applications International from $139.00 to $148.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Finally, TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $134.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Chancellor Financial Group WB LP acquired a new stake in shares of Science Applications International in the 4th quarter valued at approximately $234,000. Wealth Enhancement Advisory Services LLC raised its position in Science Applications International by 139.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,865 shares of the information technology services provider's stock worth $1,103,000 after acquiring an additional 5,750 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Science Applications International by 4.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,325 shares of the information technology services provider's stock valued at $819,000 after acquiring an additional 314 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new position in shares of Science Applications International during the 4th quarter worth about $447,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Science Applications International during the 4th quarter worth about $3,382,000. Institutional investors and hedge funds 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.