Science Applications International Co. (NYSE:SAIC) CEO Anthony J. Moraco sold 80,000 shares of Science Applications International stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $82.88, for a total transaction of $6,630,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
SAIC opened at $81.98 on Friday. The stock has a market capitalization of $3,648.35, a PE ratio of 23.22, a P/E/G ratio of 3.99 and a beta of 1.41. Science Applications International Co. has a 1-year low of $60.21 and a 1-year high of $88.49. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 3.01.
Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.35. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.04 billion. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. equities analysts expect that Science Applications International Co. will post 4.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, April 12th. Science Applications International’s payout ratio is currently 35.13%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of Science Applications International by 113.7% in the 4th quarter. Deutsche Bank AG now owns 198,551 shares of the information technology services provider’s stock worth $15,202,000 after purchasing an additional 105,651 shares during the last quarter. Bank of Montreal Can grew its position in shares of Science Applications International by 73.8% during the 4th quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 708 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Science Applications International during the 3rd quarter valued at about $3,657,000. First Trust Advisors LP grew its position in shares of Science Applications International by 22.4% during the 4th quarter. First Trust Advisors LP now owns 170,163 shares of the information technology services provider’s stock valued at $13,029,000 after buying an additional 31,090 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Science Applications International by 134.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 23,097 shares of the information technology services provider’s stock valued at $1,768,000 after buying an additional 13,236 shares during the last quarter. 64.63% of the stock is owned by institutional investors.
SAIC has been the topic of several analyst reports. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Tuesday, December 12th. Jefferies Group reissued a “hold” rating and issued a $78.00 target price on shares of Science Applications International in a research report on Monday, January 8th. Finally, ValuEngine raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.86.
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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 engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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