Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt Purchases 500 Shares of Stock

Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt acquired 500 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the purchase, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. This trade represents a 7.89 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Science Applications International Price Performance

Science Applications International stock opened at $111.36 on Friday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 18.78 and a beta of 0.66. The business has a 50-day moving average of $106.43 and a 200-day moving average of $121.90. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34.

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

Science Applications International Announces Dividend

The business 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 dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International’s dividend payout ratio (DPR) is currently 20.58%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group lowered their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $134.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. Cornerstone Planning Group LLC bought a new stake in Science Applications International in the 4th quarter valued at $28,000. True Wealth Design LLC acquired a new stake in Science Applications International in the 4th quarter valued at approximately $48,000. Kapitalo Investimentos Ltda bought a new stake in Science Applications International in the 4th quarter valued at approximately $58,000. Quarry LP acquired a new position in Science Applications International during the 3rd quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.