Science Applications International Co. (NYSE:SAIC - Get Free Report) CEO Toni Townes-Whitley bought 2,000 shares of Science Applications International stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Science Applications International Price Performance
Shares of NYSE SAIC opened at $112.27 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 18.93 and a beta of 0.66. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The business has a 50 day simple moving average of $106.29 and a 200-day simple moving average of $121.40.
Science Applications International (NYSE:SAIC - Get Free Report) last issued 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. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.
Science Applications International Dividend Announcement
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 paid a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.32%. Science Applications International's payout ratio is currently 20.58%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and lowered their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Truist Financial lowered their price objective 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. Finally, StockNews.com upgraded 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 issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Science Applications International has an average rating of "Hold" and an average target price of $134.00.
View Our Latest Stock Report on SAIC
Institutional Trading of Science Applications International
Institutional investors and hedge funds have recently made changes to their positions in the stock. Chancellor Financial Group WB LP bought a new position in Science Applications International during the 4th quarter worth $234,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Science Applications International by 139.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,865 shares of the information technology services provider's stock valued at $1,103,000 after acquiring an additional 5,750 shares during the period. NorthCrest Asset Manangement LLC grew its position in shares of Science Applications International by 4.5% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,325 shares of the information technology services provider's stock worth $819,000 after acquiring an additional 314 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in shares of Science Applications International in the 4th quarter worth about $447,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Science Applications International in the 4th quarter valued at about $3,382,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.
About Science Applications International
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
