Srinivas Attili Purchases 100 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC) EVP Srinivas Attili purchased 100 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average price of $117.00 per share, for a total transaction of $11,700.00. Following the purchase, the executive vice president now directly owns 11,436 shares of the company’s stock, valued at approximately $1,338,012. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Science Applications International Stock Performance

Shares of SAIC traded down $0.14 during trading hours on Wednesday, reaching $116.32. 226,040 shares of the company traded hands, compared to its average volume of 304,088. The stock has a market cap of $5.96 billion, a P/E ratio of 13.71 and a beta of 0.69. The stock’s fifty day moving average is $126.21 and its 200 day moving average is $128.87. Science Applications International Co. has a 1-year low of $104.26 and a 1-year high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, hitting the consensus estimate of $1.92. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.14 earnings per share. Equities research analysts anticipate that Science Applications International Co. will post 8.1 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a $0.37 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.48 annualized dividend and a yield of 1.27%. Science Applications International’s dividend payout ratio is currently 17.33%.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently bought and sold shares of SAIC. EULAV Asset Management raised its holdings in Science Applications International by 32.7% in the first quarter. EULAV Asset Management now owns 59,600 shares of the information technology services provider’s stock worth $7,771,000 after purchasing an additional 14,700 shares during the period. Cetera Advisors LLC bought a new position in shares of Science Applications International in the 1st quarter valued at about $497,000. Cetera Investment Advisers grew its position in shares of Science Applications International by 776.8% in the 1st quarter. Cetera Investment Advisers now owns 18,973 shares of the information technology services provider’s stock valued at $2,474,000 after acquiring an additional 16,809 shares during the period. Burney Co. grew its position in shares of Science Applications International by 0.9% in the 1st quarter. Burney Co. now owns 17,686 shares of the information technology services provider’s stock valued at $2,306,000 after acquiring an additional 166 shares during the period. Finally, Caxton Associates LP bought a new position in shares of Science Applications International in the 1st quarter valued at about $937,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Truist Financial decreased their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, June 4th. Wells Fargo & Company raised their price objective on shares of 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.60.

Science Applications International Company Profile

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.