Vincent P. Difronzo Buys 795 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC) EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $124.04 on Wednesday. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 14.02 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. Science Applications International Co. has a 1 year low of $95.43 and a 1 year high of $145.17. The firm’s 50-day moving average is $133.43 and its 200 day moving average is $124.61.

Science Applications International (NYSE:SAIC) last issued its 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 the consensus estimate of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. Sell-side analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio is currently 16.72%.

Analyst Ratings Changes

Several equities analysts have commented on SAIC shares. JPMorgan Chase & Co. lowered 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. Truist Financial reissued a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research report on Friday, April 12th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group dropped their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Assets Advisory LLC purchased a new position in shares of Science Applications International during the first quarter valued at approximately $11,044,000. HighPoint Advisor Group LLC bought a new stake in Science Applications International in the 4th quarter worth approximately $884,000. Quadrature Capital Ltd purchased a new stake in Science Applications International during the 4th quarter valued at $950,000. Wellington Management Group LLP lifted its holdings in shares of Science Applications International by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock valued at $504,995,000 after buying an additional 194,160 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Science Applications International in the 4th quarter worth $635,000. 76.00% of the stock is owned by institutional investors.

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.