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

Science Applications International Co. (NYSE:SAIC) EVP Srinivas Attili bought 100 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average price of $117.00 per share, with a total value of $11,700.00. Following the completion of the transaction, the executive vice president now directly owns 11,436 shares of the company’s stock, valued at approximately $1,338,012. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Science Applications International Stock Down 0.1 %

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

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

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors 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 annualized dividend and a yield of 1.27%. Science Applications International’s dividend payout ratio is currently 17.33%.

Institutional Investors Weigh In On Science Applications International

A number of hedge funds have recently added to or reduced their stakes in SAIC. Contravisory Investment Management Inc. acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $25,000. CVA Family Office LLC bought a new position in Science Applications International during the fourth quarter worth $26,000. Parallel Advisors LLC grew its holdings in Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. FinTrust Capital Advisors LLC increased its stake in Science Applications International by 150.3% in the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in shares of Science Applications International during the fourth quarter valued at about $66,000. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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