Science Applications International (NYSE:SAIC) Shares Unloaded Rep. Gerald E. Connolly

Representative Gerald E. Connolly (D-Virginia) recently sold shares of Science Applications International Co. NYSE: SAIC. In a filing disclosed on May 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in Science Applications International stock on May 13th. The trade occurred in the Representative's "TIAA JOINT" account.

Representative Gerald E. Connolly also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Leidos NYSE: LDOS on 5/13/2025.

Science Applications International Price Performance

SAIC opened at $122.67 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20.69 and a beta of 0.55. Science Applications International Co. has a 12-month low of $94.68 and a 12-month high of $156.34. The business's fifty day simple moving average is $115.43 and its 200-day simple moving average is $115.20.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. On average, equities research analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio is presently 20.58%.

Insiders Place Their Bets

In other Science Applications International news, Director Garth Graham acquired 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the purchase, the director now directly owns 7,159 shares in the company, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carolyn B. Handlon acquired 230 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the acquisition, the director now directly owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This represents a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,260 shares of company stock valued at $365,037. Company insiders own 0.44% of the company's stock.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently bought and sold shares of SAIC. Empowered Funds LLC grew its holdings in shares of Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after buying an additional 874 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $312,000. Pure Financial Advisors LLC grew its stake in Science Applications International by 19.0% in the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock valued at $2,062,000 after acquiring an additional 2,946 shares during the last quarter. Truist Financial Corp raised its position in shares of Science Applications International by 6.4% during the 4th quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock worth $430,000 after purchasing an additional 233 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Science Applications International during the 4th quarter worth approximately $1,414,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial lowered their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and an average target price of $131.20.

About Representative Connolly

Gerald Edward Connolly (Democratic Party) (also known as Gerry) is a member of the U.S. House, representing Virginia's 11th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2027. Connolly (Democratic Party) ran for re-election to the U.S. House to represent Virginia's 11th Congressional District. He won in the general election on November 5, 2024. Click here to see Connolly's key votes in Congress. Since at least 2012, Connolly was assigned to the Committee on Foreign Affairs and the Committee on Oversight and Government Reform. From 1995 through 2008, Connolly served as a member of the Fairfax County Board of Supervisors. Connolly was born in Boston, Massachusetts. He earned his bachelor's from Maryknoll College in 1971 and his M.P.A. in 1971 from Harvard University. After receiving his master's, he began working for the United States Senate Committee on Foreign Relations.[1] Prior to his election to the U.S. House, Connolly was a chair of the Board of Supervisors in Fairfax County, Va.

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.

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