Insider Buying: Science Applications International Co. (NYSE:SAIC) EVP Buys $49,453.00 in Stock

Science Applications International Co. (NYSE:SAIC) EVP Barbara Supplee acquired 425 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Barbara Supplee also recently made the following trade(s):

• On Friday, September 27th, Barbara Supplee bought 150 shares of Science Applications International stock. The shares were acquired at an average cost of $137.38 per share, with a total value of $20,607.00.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $113.06 on Friday. The stock has a market cap of $5.53 billion, a PE ratio of 19.07 and a beta of 0.64. Science Applications International Co. has a 12 month low of $111.34 and a 12 month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $135.27 and a 200-day simple moving average of $128.65.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Analyst Upgrades and Downgrades

SAIC has been the topic of several research reports. Wells Fargo & Company upped their price target on Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Citigroup upped their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial lifted their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

Hedge Funds Weigh In On Science Applications International

Several institutional investors and hedge funds have recently modified their holdings of SAIC. Larson Financial Group LLC bought a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $27,000. UMB Bank n.a. increased its stake in shares of Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC increased its position in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp raised its holdings in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.