Insider Buying: Science Applications International Co. (NYSE:SAIC) EVP Buys 795 Shares of Stock

Science Applications International Co. (NYSE:SAIC) EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction on 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 purchase, the executive vice president now owns 8,772 shares in the company, valued at approximately $1,105,622.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Science Applications International Stock Up 0.5 %

Shares of SAIC opened at $124.68 on Thursday. Science Applications International Co. has a 52 week low of $95.43 and a 52 week high of $145.17. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 14.09 and a beta of 0.70. The stock’s 50-day moving average price is $133.36 and its 200-day moving average price is $124.61.

Science Applications International (NYSE:SAIC) last issued its earnings results 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 company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 EPS. On average, sell-side analysts predict that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. Science Applications International’s dividend payout ratio is currently 16.72%.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in Science Applications International by 9.4% during the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after purchasing an additional 491,167 shares in the last quarter. Vanguard Group Inc. boosted its position in Science Applications International by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,210,623 shares of the information technology services provider’s stock worth $460,775,000 after purchasing an additional 68,359 shares in the last quarter. BlackRock Inc. boosted its position in Science Applications International by 2.0% during the first quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock worth $450,486,000 after purchasing an additional 94,874 shares in the last quarter. FMR LLC boosted its position in Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Science Applications International by 14.8% during the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after acquiring an additional 233,075 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on SAIC shares. 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 company an “equal weight” rating in a research note on Tuesday, March 19th. Truist Financial reiterated a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. 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, StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $127.60.

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.