Insider Buying: Science Applications International Co. (NYSE:SAIC) CEO Buys 2,000 Shares of Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley purchased 2,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now directly owns 45,183 shares of the company’s stock, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Science Applications International Price Performance

NYSE SAIC opened at $113.31 on Wednesday. The firm’s fifty day simple moving average is $106.16 and its two-hundred day simple moving average is $121.24. The firm has a market capitalization of $5.41 billion, a P/E ratio of 19.11 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC) last announced its earnings results 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate 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 business earned $1.43 EPS. Analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SAIC. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International during the fourth quarter valued at $28,000. True Wealth Design LLC purchased a new stake in Science Applications International during the 4th quarter valued at about $48,000. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International in the fourth quarter valued at about $58,000. Quarry LP purchased a new position in shares of Science Applications International in the third quarter worth about $71,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SAIC. The Goldman Sachs Group reduced their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. UBS Group increased their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.