Toni Townes-Whitley Purchases 3,000 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley purchased 3,000 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the acquisition, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Science Applications International Trading Up 0.5 %

NYSE SAIC opened at $124.68 on Thursday. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. 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 company’s fifty day moving average price is $133.36 and its two-hundred day moving average price is $124.61.

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

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a $0.37 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.19%. Science Applications International’s dividend payout ratio is presently 16.72%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SAIC. JPMorgan Chase & Co. reduced their price objective on shares of 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. Truist Financial reissued a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research note on Friday, April 12th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. Finally, Wells Fargo & Company upped their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.60.

Institutional Trading of Science Applications International

Several hedge funds have recently bought and sold shares of SAIC. Cambridge Investment Research Advisors Inc. bought a new stake in Science Applications International in the 1st quarter valued at about $978,000. Natixis Advisors L.P. increased its stake in Science Applications International by 14.0% during the 1st quarter. Natixis Advisors L.P. now owns 11,670 shares of the information technology services provider’s stock valued at $1,076,000 after buying an additional 1,432 shares during the period. Bank of Montreal Can increased its stake in Science Applications International by 19.5% during the 1st quarter. Bank of Montreal Can now owns 11,432 shares of the information technology services provider’s stock valued at $1,073,000 after buying an additional 1,862 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Science Applications International during the 1st quarter valued at about $578,000. Finally, MetLife Investment Management LLC increased its stake in Science Applications International by 32.0% during the 1st quarter. MetLife Investment Management LLC now owns 36,823 shares of the information technology services provider’s stock valued at $3,394,000 after buying an additional 8,926 shares during the period. 76.00% of the stock is currently owned by 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.