Science Applications International Co. (NYSE:SAIC) Director Garth Graham Acquires 215 Shares

Science Applications International Co. (NYSE:SAIC - Get Free Report) Director Garth Graham bought 215 shares of the stock in a transaction on Monday, April 14th. The stock was purchased at an average cost of $116.75 per share, with a total value of $25,101.25. Following the acquisition, the director now owns 7,159 shares in the company, valued at approximately $835,813.25. This represents a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Science Applications International Stock Performance

NYSE SAIC traded up $0.36 during trading hours on Friday, reaching $116.71. 379,888 shares of the company were exchanged, compared to its average volume of 487,129. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.57 billion, a P/E ratio of 19.68 and a beta of 0.58. The business's 50 day simple moving average is $107.84 and its 200-day simple moving average is $119.19. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company earned $1.43 earnings per share. Science Applications International's revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.37 per share. 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 1.27%. Science Applications International's dividend payout ratio is presently 20.58%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. UBS Group increased their price target on Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, March 18th. Wells Fargo & Company cut their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and an average target price of $131.33.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in Science Applications International in the 4th quarter worth approximately $63,572,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after acquiring an additional 464,989 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Science Applications International in the fourth quarter valued at $34,909,000. AQR Capital Management LLC raised its stake in shares of Science Applications International by 68.4% during the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider's stock valued at $49,413,000 after purchasing an additional 179,963 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Science Applications International during the 4th quarter valued at $18,694,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

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.