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

Science Applications International Co. (NYSE:SAIC) Director Milford W. Mcguirt acquired 500 shares of Science Applications International stock in a transaction on Thursday, March 27th. The shares were bought at an average cost 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. The trade was a 7.89 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Science Applications International Price Performance

Science Applications International stock opened at $112.53 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 18.98 and a beta of 0.66. The firm has a 50-day moving average of $106.36 and a two-hundred day moving average of $121.74. 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 announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, research analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. Science Applications International’s dividend payout ratio is currently 20.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAIC shares. Truist Financial cut their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group cut their price objective on shares of 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. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company upped their price target on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Finally, UBS Group raised their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $134.00.

Institutional Trading of Science Applications International

Hedge funds have recently added to or reduced their stakes in the business. Xponance Inc. raised its holdings in shares of Science Applications International by 1.5% in the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after purchasing an additional 99 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after buying an additional 100 shares in the last quarter. Mariner LLC lifted its holdings in Science Applications International by 2.8% during the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock worth $433,000 after buying an additional 106 shares during the period. Pictet Asset Management Holding SA boosted its position in Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after acquiring an additional 142 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.