Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. Acquires 215 Shares

Science Applications International Co. (NYSE:SAIC) Director John K. Tien, Jr. purchased 215 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the transaction, the director now directly owns 919 shares in the company, valued at approximately $107,063.50. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Science Applications International Stock Performance

SAIC opened at $115.70 on Thursday. Science Applications International Co. has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 19.51 and a beta of 0.66. The company’s fifty day moving average price is $106.08 and its two-hundred day moving average price is $121.20. 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 (NYSE:SAIC) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. On average, analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 1.28%. Science Applications International’s dividend payout ratio (DPR) is currently 20.58%.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. Empowered Funds LLC grew its stake in shares of Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after acquiring an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in Science Applications International during the fourth quarter worth about $312,000. Pure Financial Advisors LLC boosted its holdings in Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares during the last quarter. XTX Topco Ltd grew its position in Science Applications International by 219.5% in the 3rd quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock worth $1,482,000 after purchasing an additional 7,310 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Science Applications International by 1.9% in the 3rd 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. 76.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SAIC has been the topic of several recent analyst reports. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. UBS Group raised their target price on 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 upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, 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 note on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $134.00.

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.