Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. Acquires 215 Shares

Science Applications International Co. (NYSE:SAIC - Get Free Report) Director John K. Tien, Jr. bought 215 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $116.50 per share, for a total transaction of $25,047.50. Following the acquisition, the director now owns 919 shares of the company's stock, valued at $107,063.50. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Science Applications International Stock Down 2.3 %

Science Applications International stock traded down $2.62 during trading hours on Monday, hitting $109.08. The company had a trading volume of 958,264 shares, compared to its average volume of 822,276. The firm's fifty day moving average is $106.21 and its 200-day moving average is $120.79. The firm has a market capitalization of $5.21 billion, a P/E ratio of 18.39 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. 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 (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.81 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. On average, research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

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Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. Science Applications International's dividend payout ratio is currently 20.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International during the 4th quarter worth about $28,000. True Wealth Design LLC acquired a new stake in shares of Science Applications International in the fourth quarter worth $48,000. Quarry LP bought a new stake in shares of Science Applications International during the 3rd quarter worth $71,000. Kapitalo Investimentos Ltda bought a new position in Science Applications International in the 4th quarter worth $58,000. Finally, Jones Financial Companies Lllp lifted its position in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 76.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. UBS Group upped their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group cut their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.