Science Applications International Co. (NYSE:SAIC) Director Carolyn B. Handlon Acquires 230 Shares of Stock

Science Applications International Co. (NYSE:SAIC) Director Carolyn B. Handlon bought 230 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average price of $109.93 per share, with a total value of $25,283.90. Following the acquisition, the director now owns 4,032 shares of the company’s stock, valued at $443,237.76. This represents a 6.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Science Applications International Stock Performance

Science Applications International stock opened at $109.01 on Wednesday. The stock’s 50 day moving average is $106.29 and its 200 day moving average is $120.34. The company has a market capitalization of $5.20 billion, a P/E ratio of 18.38 and a beta of 0.58. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. 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 (NYSE:SAIC) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities research analysts predict that Science Applications International Co. will post 8.27 earnings per share 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. Shareholders of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.36%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its holdings in 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 worth $244,412,000 after acquiring an additional 464,989 shares during the last quarter. State Street Corp raised its stake in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after purchasing an additional 15,166 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Science Applications International by 0.3% during 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 boosted its position in shares of Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares during the last quarter. Finally, Norges Bank bought a new stake in Science Applications International in the 4th quarter worth about $63,572,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SAIC shares. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. UBS Group increased their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Finally, Truist Financial dropped their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $132.22.

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.