Science Applications International (NYSE:SAIC) Stock Price Up 2.4% on Insider Buying Activity

Science Applications International Co. (NYSE:SAIC)’s stock price was up 2.4% on Tuesday following insider buying activity. The stock traded as high as $124.37 and last traded at $124.02. Approximately 39,490 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 293,350 shares. The stock had previously closed at $121.16.

Specifically, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Science Applications International news, CEO Toni Townes-Whitley purchased 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. Insiders own 1.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SAIC shares. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research note on Thursday, February 29th. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Truist Financial reaffirmed a “hold” rating and issued a $130.00 price target on shares of Science Applications International in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $127.60.

Science Applications International Trading Up 1.9 %

The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average price is $133.53 and its 200 day moving average price is $124.48. The company has a market capitalization of $6.38 billion, a P/E ratio of 15.66 and a beta of 0.70.

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

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, April 11th. Science Applications International’s payout ratio is 16.72%.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International during the 4th quarter valued at approximately $25,000. CVA Family Office LLC purchased a new stake in shares of Science Applications International during the 4th quarter valued at approximately $26,000. Quarry LP lifted its stake in Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 109 shares in the last quarter. Gradient Investments LLC lifted its stake in Science Applications International by 1,104.8% in the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

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.