Insider Buying: Science Applications International Co. (NYSE:SAIC) CEO Purchases $377,880.00 in Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley purchased 3,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Science Applications International Price Performance

NYSE SAIC opened at $124.68 on Thursday. The firm’s fifty day simple moving average is $133.36 and its two-hundred day simple moving average is $124.61. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Science Applications International Co. has a 12-month low of $95.43 and a 12-month high of $145.17. The firm has a market capitalization of $6.44 billion, a P/E ratio of 14.09 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its quarterly 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%. Science Applications International’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 earnings per share. Analysts forecast that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

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 issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.

Institutional Investors Weigh In On Science Applications International

Several hedge funds have recently added to or reduced their stakes in SAIC. Cambridge Investment Research Advisors Inc. purchased a new stake in Science Applications International in the first quarter valued at $978,000. Natixis Advisors L.P. boosted its holdings in Science Applications International by 14.0% in the first quarter. Natixis Advisors L.P. now owns 11,670 shares of the information technology services provider’s stock valued at $1,076,000 after purchasing an additional 1,432 shares during the last quarter. Bank of Montreal Can boosted its holdings in Science Applications International by 19.5% in the first quarter. Bank of Montreal Can now owns 11,432 shares of the information technology services provider’s stock valued at $1,073,000 after purchasing an additional 1,862 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Science Applications International in the first quarter valued at $578,000. Finally, MetLife Investment Management LLC boosted its holdings in Science Applications International by 32.0% in the first quarter. MetLife Investment Management LLC now owns 36,823 shares of the information technology services provider’s stock valued at $3,394,000 after purchasing an additional 8,926 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of research analyst reports. Truist Financial restated 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 upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on 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. The Goldman Sachs Group dropped their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. Finally, Wells Fargo & Company lifted their price target on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.