Science Applications International Co. (NYSE:SAIC) EVP Buys $20,607.00 in Stock

Science Applications International Co. (NYSE:SAIC) EVP Barbara Supplee purchased 150 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of $137.38 per share, for a total transaction of $20,607.00. Following the completion of the acquisition, the executive vice president now owns 3,154 shares of the company’s stock, valued at $433,296.52. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $140.77 on Wednesday. The business’s 50 day moving average price is $129.18 and its two-hundred day moving average price is $126.63. The company has a market cap of $7.21 billion, a PE ratio of 16.48 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a twelve month low of $104.46 and a twelve month high of $145.17.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 earnings per share. On average, analysts predict that Science Applications International Co. will post 8.17 EPS for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s payout ratio is 17.33%.

Hedge Funds Weigh In On Science Applications International

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. Wells Fargo & Company MN grew its position in shares of Science Applications International by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 63,049 shares of the information technology services provider’s stock valued at $7,838,000 after purchasing an additional 223 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $193,000. Parallel Advisors LLC grew its position in shares of Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. TFO Wealth Partners LLC grew its position in shares of Science Applications International by 17,644.4% in the fourth quarter. TFO Wealth Partners LLC now owns 1,597 shares of the information technology services provider’s stock valued at $199,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Science Applications International by 44.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 6,477 shares of the information technology services provider’s stock valued at $805,000 after purchasing an additional 1,998 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays lifted their target price on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Citigroup lifted their target price on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, September 6th. TD Cowen lifted their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their target price on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $139.75.

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.