Science Applications International (NYSE:SAIC) Trading 2.4% Higher on Insider Buying Activity

Science Applications International Co. (NYSE:SAIC)’s share price rose 2.4% on Tuesday after an insider bought additional shares in the company. The company traded as high as $124.37 and last traded at $124.02. Approximately 39,490 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 293,350 shares. The stock had previously closed at $121.16.

Specifically, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the sale, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Vincent P. Difronzo purchased 795 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now owns 8,772 shares in the company, valued at approximately $1,105,622.88. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares in the company, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group dropped their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price target on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. dropped their price target on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. Finally, Truist Financial restated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research note on Friday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $127.60.

Science Applications International Price Performance

The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 15.66 and a beta of 0.70. The stock has a fifty day simple moving average of $133.53 and a 200-day simple moving average of $124.48. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. On average, equities research analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, April 11th. Science Applications International’s payout ratio is 16.72%.

Institutional Trading of Science Applications International

Several large investors have recently made changes to their positions in SAIC. Norges Bank purchased a new stake in Science Applications International in the 4th quarter valued at $75,040,000. Wellington Management Group LLP lifted its stake in shares of Science Applications International by 9.4% in the 1st quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock valued at $525,321,000 after purchasing an additional 491,167 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Science Applications International by 2,399.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 418,074 shares of the information technology services provider’s stock valued at $1,857,000 after purchasing an additional 401,348 shares during the last quarter. FMR LLC lifted its stake in Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after acquiring an additional 328,426 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Science Applications International by 14.8% during the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock worth $225,082,000 after acquiring an additional 233,075 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.