Insider Buying: Science Applications International Co. (NYSE:SAIC) EVP Buys $100,201.80 in Stock

Science Applications International Co. (NYSE:SAIC) EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Science Applications International Trading Up 0.5 %

Shares of NYSE:SAIC opened at $124.68 on Thursday. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 14.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The stock’s 50-day simple moving average is $133.36 and its two-hundred day simple moving average is $124.61. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 earnings per share. Analysts expect that Science Applications International Co. will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is currently 16.72%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Global Assets Advisory LLC bought a new position in shares of Science Applications International in the first quarter worth about $11,044,000. HighPoint Advisor Group LLC bought a new position in shares of Science Applications International in the fourth quarter worth about $884,000. Quadrature Capital Ltd bought a new position in shares of Science Applications International in the fourth quarter worth about $950,000. Wellington Management Group LLP raised its stake in shares of Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after buying an additional 194,160 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Science Applications International in the fourth quarter worth about $635,000. Institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

SAIC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Truist Financial reaffirmed a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research report on Friday, April 12th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group dropped their price objective on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $127.60.

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.