Toni Townes-Whitley Acquires 3,000 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC) CEO Toni Townes-Whitley bought 3,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now owns 46,795 shares in the company, valued at approximately $5,894,298.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Science Applications International Trading Up 2.4 %

Shares of Science Applications International stock opened at $124.04 on Wednesday. Science Applications International Co. has a fifty-two week low of $95.43 and a fifty-two week high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market capitalization of $6.41 billion, a P/E ratio of 14.02 and a beta of 0.70. The company has a fifty day moving average of $133.43 and a 200 day moving average of $124.61.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $2.04 EPS. The business’s revenue was down 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend 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%.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new position in shares of Science Applications International during the 4th quarter valued at about $25,000. Quarry LP boosted its stake in Science Applications International by 100.0% during the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 109 shares during the last quarter. CVA Family Office LLC bought a new stake in Science Applications International in the 4th quarter worth approximately $26,000. Gradient Investments LLC raised its holdings in shares of Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 232 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAIC. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group decreased their target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their price target on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $127.60.

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.