Insider Buying: Science Applications International Co. (NYSE:SAIC) CEO Buys 2,000 Shares of Stock

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

Science Applications International Price Performance

NYSE SAIC traded down $2.56 on Friday, hitting $111.70. The stock had a trading volume of 1,328,865 shares, compared to its average volume of 468,926. The firm has a 50-day moving average of $106.21 and a 200-day moving average of $120.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current 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 capitalization of $5.33 billion, a price-to-earnings ratio of 18.84 and a beta of 0.58.

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

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Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIC. Bank of Montreal Can grew its stake in Science Applications International by 116.1% in the 3rd quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider's stock worth $2,210,000 after buying an additional 8,617 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Science Applications International by 79.0% in the third quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider's stock valued at $1,535,000 after acquiring an additional 4,866 shares during the last quarter. Townsquare Capital LLC bought a new position in Science Applications International in the third quarter valued at $254,000. Benjamin Edwards Inc. purchased a new stake in Science Applications International during the third quarter valued at about $617,000. Finally, Holocene Advisors LP bought a new stake in Science Applications International during the third quarter worth about $2,005,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAIC. The Goldman Sachs Group dropped their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Finally, TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and reduced their target price for the stock 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 assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.