Science Applications International Co. (NYSE:SAIC) Director Acquires $25,047.50 in Stock

Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. bought 215 shares of Science Applications International stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the acquisition, the director now owns 919 shares of the company’s stock, valued at approximately $107,063.50. The trade was a 30.54 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Science Applications International Stock Up 2.1 %

Shares of SAIC traded up $2.39 during midday trading on Wednesday, hitting $115.70. The stock had a trading volume of 1,470,787 shares, compared to its average volume of 461,311. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 19.51 and a beta of 0.66. The company has a 50 day simple moving average of $106.16 and a two-hundred day simple moving average of $121.24. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

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

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s payout ratio is 20.58%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. UBS Group lifted their target price on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $134.00.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Science Applications International by 27.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after acquiring an additional 464,989 shares in the last quarter. State Street Corp boosted its position in Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares during the last quarter. First Trust Advisors LP grew its stake in Science Applications International by 0.3% in the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after purchasing an additional 3,078 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after purchasing an additional 18,102 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Science Applications International during the 4th quarter worth approximately $63,572,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.