Science Applications International Co. (NYSE:SAIC - Get Free Report) EVP Srinivas Attili acquired 100 shares of the firm'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 purchase, the executive vice president now owns 11,436 shares in the company, valued at approximately $1,338,012. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Science Applications International Stock Performance
NYSE SAIC opened at $116.32 on Thursday. The company's 50 day moving average is $125.96 and its 200-day moving average is $128.79. The firm has a market cap of $5.96 billion, a P/E ratio of 15.18 and a beta of 0.69. Science Applications International Co. has a 12-month low of $104.26 and a 12-month high of $145.17. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13.
Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The business's revenue for the quarter was down 8.8% compared to the same quarter last year. Sell-side analysts predict that Science Applications International Co. will post 8.1 earnings per share for the current year.
Science Applications International Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend 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%.
Analyst Ratings Changes
SAIC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased 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. Truist Financial lowered their price target on shares of Science Applications International from $130.00 to $125.00 and set a "hold" rating on the stock in a report on Tuesday, June 4th. Wells Fargo & Company upped their price objective on Science Applications International from $141.00 to $143.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 19th. Finally, StockNews.com downgraded Science Applications International from a "buy" rating to a "hold" rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $126.60.
Read Our Latest Research Report on SAIC
Institutional Investors Weigh In On Science Applications International
Hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its holdings in Science Applications International by 13.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,028 shares of the information technology services provider's stock worth $742,000 after acquiring an additional 829 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Science Applications International by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 24,376 shares of the information technology services provider's stock worth $2,573,000 after purchasing an additional 123 shares during the period. AQR Capital Management LLC grew its position in Science Applications International by 22.8% during the third quarter. AQR Capital Management LLC now owns 255,859 shares of the information technology services provider's stock worth $27,003,000 after buying an additional 47,421 shares in the last quarter. OLIO Financial Planning bought a new position in Science Applications International in the 4th quarter worth about $203,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Science Applications International in the 4th quarter valued at about $25,000. 76.00% of the stock is currently owned by institutional investors.
About Science Applications International
(
Get Free Report)
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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