Insider Buying: Science Applications International Co. (NYSE:SAIC) Director Buys 500 Shares of Stock

Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt acquired 500 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Science Applications International Stock Performance

NYSE SAIC opened at $112.53 on Friday. The firm has a market cap of $5.37 billion, a P/E ratio of 18.98 and a beta of 0.66. The business’s 50-day moving average price is $106.36 and its 200 day moving average price is $121.65. Science Applications International Co. has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. On average, equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

Hedge Funds Weigh In On Science Applications International

Several hedge funds have recently bought and sold shares of SAIC. Chancellor Financial Group WB LP acquired a new stake in Science Applications International in the fourth quarter valued at $234,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Science Applications International by 139.7% in 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 buying an additional 5,750 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Science Applications International by 4.5% in 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 last quarter. Wealthedge Investment Advisors LLC purchased a new position in Science Applications International during the 4th quarter valued at about $447,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Science Applications International during the fourth quarter worth about $3,382,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on SAIC shares. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. 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 on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.00.

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.