Science Applications International Co. (NYSE:SAIC) EVP Purchases $10,974.00 in 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 stock was bought at an average cost of $109.74 per share, for a total transaction of $10,974.00. Following the completion of the purchase, the executive vice president now directly owns 16,993 shares in the company, valued at approximately $1,864,811.82. This trade represents a 0.59 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $112.53 on Friday. 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 Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The firm’s 50 day moving average is $106.36 and its two-hundred day moving average is $121.74. The firm has a market capitalization of $5.37 billion, a P/E ratio of 18.98 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $1.43 EPS. Science Applications International’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International in the fourth quarter valued at approximately $28,000. True Wealth Design LLC purchased a new stake in Science Applications International in the 4th quarter valued at $48,000. Quarry LP acquired a new stake in Science Applications International during the 3rd quarter worth $71,000. Kapitalo Investimentos Ltda purchased a new position in Science Applications International during the 4th quarter worth $58,000. Finally, Jones Financial Companies Lllp increased its stake in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SAIC. Wells Fargo & Company boosted their target price on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group raised their target price on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. Finally, TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Science Applications International presently has a consensus 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.