Science Applications International Co. (NYSE:SAIC) EVP Srinivas Attili Purchases 100 Shares

Science Applications International Co. (NYSE:SAIC) EVP Srinivas Attili bought 100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of $117.00 per share, with a total value of $11,700.00. Following the acquisition, the executive vice president now owns 11,436 shares of the company’s stock, valued at $1,338,012. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Science Applications International Stock Performance

Shares of SAIC opened at $116.32 on Friday. Science Applications International Co. has a 52 week low of $104.26 and a 52 week high of $145.17. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. The stock has a market cap of $5.96 billion, a P/E ratio of 15.17 and a beta of 0.69. The business’s 50 day moving average price is $125.96 and its 200-day moving average price is $128.79.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 EPS for the quarter, hitting analysts’ consensus estimates of $1.92. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the firm posted $2.14 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Equities research analysts anticipate that Science Applications International Co. will post 8.1 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.27%. Science Applications International’s dividend payout ratio is currently 17.33%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in Science Applications International by 13.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,028 shares of the information technology services provider’s stock worth $742,000 after acquiring an additional 829 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Science Applications International by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider’s stock worth $2,573,000 after purchasing an additional 123 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Science Applications International by 22.8% in the third quarter. AQR Capital Management LLC now owns 255,859 shares of the information technology services provider’s stock worth $27,003,000 after purchasing an additional 47,421 shares during the last quarter. OLIO Financial Planning bought a new position in shares of Science Applications International during the fourth quarter valued at $203,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International during the fourth quarter valued at $25,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SAIC. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th. StockNews.com lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Wells Fargo & Company upped their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 19th. Finally, Truist Financial lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $126.60.

Science Applications International Company Profile

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.