Science Applications International Co. (NYSE:SAIC - Get Free Report) Director Katharina G. Mcfarland sold 760 shares of the business'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 transaction of $95,486.40. Following the completion of the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Science Applications International Stock Down 2.2 %
SAIC stock opened at $123.58 on Friday. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17. The company's 50 day simple moving average is $133.65 and its 200-day simple moving average is $124.11. 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 firm has a market capitalization of $6.38 billion, a P/E ratio of 16.01 and a beta of 0.70.
Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The firm's revenue was down 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Science Applications International Co. will post 8.11 EPS for the current year.
Science Applications International Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International's payout ratio is presently 16.72%.
Wall Street Analyst Weigh In
A number of analysts recently commented on SAIC shares. Wells Fargo & Company boosted their target price on shares of Science Applications International from $141.00 to $143.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 19th. The Goldman Sachs Group dropped their target price on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a report on Thursday, February 29th. StockNews.com downgraded shares of Science Applications International from a "buy" rating to a "hold" rating in a report on Tuesday. Truist Financial reiterated a "hold" rating and issued a $130.00 target price on shares of Science Applications International in a report on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $127.60.
View Our Latest Analysis on SAIC
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new position in Science Applications International during the fourth quarter valued at approximately $25,000. CVA Family Office LLC purchased a new position in Science Applications International during the fourth quarter valued at approximately $26,000. Quarry LP grew its position in Science Applications International by 100.0% during the second 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 in the last quarter. Gradient Investments LLC grew its position in Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Science Applications International by 62.9% during the fourth 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 in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.
About Science Applications International
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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.
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