Barbara Supplee Buys 150 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC) EVP Barbara Supplee acquired 150 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was purchased at an average price of $137.38 per share, for a total transaction of $20,607.00. Following the completion of the transaction, the executive vice president now directly owns 3,154 shares in the company, valued at approximately $433,296.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Science Applications International Stock Up 1.1 %

NYSE:SAIC opened at $140.77 on Wednesday. Science Applications International Co. has a 12-month low of $104.46 and a 12-month high of $145.17. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $7.21 billion, a P/E ratio of 16.48 and a beta of 0.70. The stock’s fifty day simple moving average is $129.18 and its 200-day simple moving average is $126.63.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Equities research analysts expect that Science Applications International Co. will post 8.17 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.05%. Science Applications International’s dividend payout ratio is presently 17.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SAIC shares. Citigroup increased their price objective on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Truist Financial increased their price objective on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $139.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in Science Applications International during the fourth quarter worth about $950,000. Twin Tree Management LP bought a new stake in shares of Science Applications International in the first quarter valued at about $649,000. HighPoint Advisor Group LLC bought a new stake in shares of Science Applications International in the fourth quarter valued at about $884,000. Cumberland Partners Ltd bought a new stake in shares of Science Applications International in the first quarter valued at about $652,000. Finally, AdvisorShares Investments LLC lifted its holdings in shares of Science Applications International by 29.2% in the fourth quarter. AdvisorShares Investments LLC now owns 31,021 shares of the information technology services provider’s stock valued at $3,857,000 after purchasing an additional 7,003 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

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.