Insider Buying: Science Applications International Co. (NYSE:SAIC) EVP Purchases 100 Shares of Stock

Science Applications International Co. (NYSE:SAIC) EVP Hilary Hageman purchased 100 shares of Science Applications International stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average cost of $109.74 per share, with a total value of $10,974.00. Following the transaction, the executive vice president now directly owns 16,993 shares in the company, valued at approximately $1,864,811.82. The trade was a 0.59 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Science Applications International Stock Performance

Shares of NYSE:SAIC opened at $111.36 on Friday. The firm has a fifty day simple moving average of $106.43 and a two-hundred day simple moving average of $121.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.32 billion, a P/E ratio of 18.78 and a beta of 0.66. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, analysts expect that Science Applications International Co. will post 8.27 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 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently added to or reduced their stakes in the company. Chancellor Financial Group WB LP bought a new stake in Science Applications International in the fourth quarter worth about $234,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Science Applications International by 139.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,865 shares of the information technology services provider’s stock worth $1,103,000 after acquiring an additional 5,750 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Science Applications International by 4.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 7,325 shares of the information technology services provider’s stock valued at $819,000 after acquiring an additional 314 shares during the period. Wealthedge Investment Advisors LLC bought a new position in Science Applications International in the 4th quarter valued at $447,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Science Applications International in the fourth quarter worth $3,382,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on SAIC shares. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a report on Tuesday, February 25th. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Truist Financial reduced their target price on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group dropped their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average target price of $134.00.

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.