Insider Buying: Science Applications International Co. (NYSE:SAIC) EVP Purchases 425 Shares of Stock

Science Applications International Co. (NYSE:SAIC) EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Barbara Supplee also recently made the following trade(s):

• On Friday, September 27th, Barbara Supplee purchased 150 shares of Science Applications International stock. The shares were purchased at an average cost of $137.38 per share, for a total transaction of $20,607.00.

Science Applications International Price Performance

Shares of NYSE:SAIC traded up $0.29 on Thursday, hitting $113.76. The company’s stock had a trading volume of 391,199 shares, compared to its average volume of 327,440. Science Applications International Co. has a 1 year low of $111.34 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $5.63 billion, a PE ratio of 19.23 and a beta of 0.64. The company has a 50-day simple moving average of $136.53 and a 200 day simple moving average of $128.97.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.30%. Science Applications International’s payout ratio is presently 24.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SAIC shares. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Monday. Barclays lifted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. The Goldman Sachs Group cut their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday. Truist Financial lifted their price target 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. Finally, JPMorgan Chase & Co. dropped their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.38.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors have recently made changes to their positions in SAIC. Larson Financial Group LLC bought a new stake in shares of Science Applications International during the 2nd quarter worth $27,000. UMB Bank n.a. boosted its holdings in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares in the last quarter. Finally, CWM LLC lifted its position in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

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.