Science Applications International (NYSE:SAIC) Stock Price Up 2.4% After Insider Buying Activity

Science Applications International Co. (NYSE:SAIC)’s stock price rose 2.4% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $124.37 and last traded at $124.02. Approximately 39,490 shares changed hands during trading, a decline of 87% from the average daily volume of 293,350 shares. The stock had previously closed at $121.16.

Specifically, EVP Vincent P. Difronzo bought 795 shares of the business’s stock in a transaction 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 approximately $1,105,622.88. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vincent P. Difronzo purchased 795 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAIC. Wells Fargo & Company lifted their target price 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. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research note on Thursday, February 29th. JPMorgan Chase & Co. lowered their target price 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. Truist Financial reissued a “hold” rating and set a $130.00 target price on shares of Science Applications International in a research note on Friday, April 12th. Finally, StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average target price of $127.60.

Science Applications International Stock Up 2.4 %

The stock’s fifty day moving average is $133.43 and its two-hundred day moving average is $124.61. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The firm has a market cap of $6.41 billion, a P/E ratio of 14.02 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its earnings results 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). The firm had revenue of $1.74 billion for 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 business’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the company posted $2.04 EPS. As a group, research analysts anticipate that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

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

Hedge Funds Weigh In On Science Applications International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Assets Advisory LLC purchased a new stake in shares of Science Applications International in the 1st quarter valued at $11,044,000. HighPoint Advisor Group LLC purchased a new stake in shares of Science Applications International in the 4th quarter valued at $884,000. Quadrature Capital Ltd purchased a new stake in shares of Science Applications International in the 4th quarter valued at $950,000. Wellington Management Group LLP boosted its stake in shares of Science Applications International by 5.0% in 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 purchasing an additional 194,160 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Science Applications International in the 4th quarter valued at $635,000. Hedge funds and other institutional investors 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.