Science Applications International (NYSE:SAIC) Trading 2.4% Higher on Insider Buying Activity

Science Applications International Co. (NYSE:SAIC - Get Free Report) rose 2.4% during trading on Tuesday following insider buying activity. The company traded as high as $124.37 and last traded at $124.02. Approximately 39,490 shares traded 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, CEO Toni Townes-Whitley purchased 3,000 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the transaction, the chief executive officer now owns 46,795 shares of the company's stock, valued at approximately $5,894,298.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the company's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company's stock, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Toni Townes-Whitley bought 3,000 shares of the business's stock in a transaction on Friday, April 12th. The stock was acquired at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The disclosure for this purchase can be found here. 1.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on 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. Wells Fargo & Company increased their target price on Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 19th. StockNews.com cut Science Applications International from a "buy" rating to a "hold" rating in a research note on Tuesday, April 9th. Truist Financial reiterated a "hold" rating and issued a $130.00 target price on shares of Science Applications International in a research note on Friday. Finally, The Goldman Sachs Group cut their target price on Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $127.60.

Science Applications International Price Performance

The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 14.02 and a beta of 0.70. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The business has a fifty day moving average price of $133.53 and a 200 day moving average price of $124.48.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.44 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. Science Applications International's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the business posted $2.04 earnings per share. On average, research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, April 11th. Science Applications International's payout ratio is currently 16.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SAIC. BlackDiamond Wealth Management LLC boosted its position in shares of Science Applications International by 1.6% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider's stock valued at $668,000 after purchasing an additional 80 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Science Applications International by 2.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,118 shares of the information technology services provider's stock valued at $463,000 after purchasing an additional 94 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Science Applications International by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,738 shares of the information technology services provider's stock valued at $1,303,000 after purchasing an additional 94 shares during the period. Parallel Advisors LLC boosted its position in shares of Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider's stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Quarry LP boosted its position in shares of Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 109 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

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.