Insider Buying: Science Applications International (NASDAQ:SAIC) Director Purchases $132,500.00 in Stock

Science Applications International Corporation (NASDAQ:SAIC) Director C. David Cush purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of $132.50 per share, with a total value of $132,500.00. Following the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at $132,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Science Applications International Price Performance

SAIC opened at $132.43 on Friday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $142.66. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 15.49 and a beta of 0.30. The firm’s fifty day moving average price is $125.23 and its two-hundred day moving average price is $109.92.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, August 31st. The company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.63 earnings per share. As a group, analysts anticipate that Science Applications International Corporation will post 10.77 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, October 9th. Science Applications International’s dividend payout ratio (DPR) is 17.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup raised their target price on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. UBS Group increased their price target on shares of Science Applications International from $108.00 to $123.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Truist Financial raised their price objective on shares of Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, September 1st. Weiss Ratings raised shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. Finally, TD Cowen reiterated a “hold” rating on shares of Science Applications International in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.22.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently modified their holdings of the business. Rothschild Investment LLC grew its stake in Science Applications International by 304.9% in the 4th quarter. Rothschild Investment LLC now owns 745 shares of the company’s stock valued at $75,000 after buying an additional 561 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Science Applications International by 155.7% during the second quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock worth $94,000 after acquiring an additional 520 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Science Applications International by 94.2% during the fourth quarter. Hantz Financial Services Inc. now owns 903 shares of the company’s stock worth $91,000 after acquiring an additional 438 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Science Applications International by 86.9% in the second quarter. GAMMA Investing LLC now owns 1,226 shares of the company’s stock worth $135,000 after acquiring an additional 570 shares during the period. Finally, First Command Advisory Services Inc. grew its position in shares of Science Applications International by 32.4% in the fourth quarter. First Command Advisory Services Inc. now owns 1,592 shares of the company’s stock valued at $160,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.