Insider Selling: Science Applications International Co. (NYSE:SAIC) Director Sells 760 Shares of Stock

Science Applications International Co. (NYSE:SAIC - Get Free Report) Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now directly owns 8,653 shares of the company's stock, valued at $1,087,162.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Science Applications International Price Performance

Shares of Science Applications International stock traded down $2.78 on Friday, hitting $123.58. The company's stock had a trading volume of 225,739 shares, compared to its average volume of 296,708. Science Applications International Co. has a 52-week low of $95.43 and a 52-week high of $145.17. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average price of $133.65 and a 200-day moving average price of $124.11. The company has a market capitalization of $6.38 billion, a P/E ratio of 13.96 and a beta of 0.70.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Science Applications International's quarterly revenue was down 11.7% on a year-over-year basis. On average, equities research analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm 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 $0.37 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.20%. Science Applications International's dividend payout ratio is presently 16.72%.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. UBS Group AG raised its stake in Science Applications International by 108.7% in the 3rd quarter. UBS Group AG now owns 54,031 shares of the information technology services provider's stock valued at $5,702,000 after purchasing an additional 28,139 shares during the last quarter. FMR LLC raised its stake in Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock valued at $297,969,000 after purchasing an additional 328,426 shares during the last quarter. Invesco Ltd. raised its stake in Science Applications International by 11.7% in the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider's stock valued at $65,030,000 after purchasing an additional 64,406 shares during the last quarter. Versor Investments LP acquired a new position in Science Applications International in the 3rd quarter valued at about $422,000. Finally, Qube Research & Technologies Ltd raised its stake in Science Applications International by 3,071.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider's stock valued at $14,163,000 after purchasing an additional 129,963 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com downgraded Science Applications International from a "buy" rating to a "hold" rating in a report on Tuesday. The Goldman Sachs Group decreased their price target on Science Applications International from $113.00 to $110.00 and set a "sell" rating for the company in a report on Thursday, February 29th. Truist Financial restated a "hold" rating and set a $130.00 target price on shares of Science Applications International in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 19th. Finally, 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 research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $127.60.

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.