Science Applications International Corporation (SAIC) Insider Douglas Martin Wagoner Sells 3,476 Shares

Science Applications International Corporation (NYSE:SAIC) insider Douglas Martin Wagoner sold 3,476 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $70.50, for a total value of $245,058.00. Following the sale, the insider now directly owns 106,147 shares in the company, valued at $7,483,363.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Douglas Martin Wagoner also recently made the following trade(s):

  • On Tuesday, June 27th, Douglas Martin Wagoner sold 30,072 shares of Science Applications International Corporation stock. The stock was sold at an average price of $68.95, for a total value of $2,073,464.40.
  • On Friday, June 23rd, Douglas Martin Wagoner sold 1,524 shares of Science Applications International Corporation stock. The stock was sold at an average price of $71.58, for a total value of $109,087.92.
  • On Thursday, June 15th, Douglas Martin Wagoner sold 9,400 shares of Science Applications International Corporation stock. The stock was sold at an average price of $73.63, for a total value of $692,122.00.

Science Applications International Corporation (SAIC) traded down 1.26% during midday trading on Monday, reaching $70.28. The company’s stock had a trading volume of 252,824 shares. Science Applications International Corporation has a 1-year low of $58.31 and a 1-year high of $89.87. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 19.57 and a beta of 1.65. The company has a 50 day moving average price of $73.95 and a 200 day moving average price of $79.84.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. Science Applications International Corporation had a return on equity of 47.08% and a net margin of 3.78%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. On average, equities research analysts expect that Science Applications International Corporation will post $3.80 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, July 12th. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.54%.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://transcriptdaily.com/2017/07/10/science-applications-international-corporation-saic-insider-sells-245058-00-in-stock-updated.html.

Several analysts have commented on SAIC shares. Vertical Research started coverage on Science Applications International Corporation in a report on Thursday, March 16th. They issued a “hold” rating and a $91.00 price objective on the stock. Cowen and Company reissued a “market perform” rating and issued a $82.00 price objective (down from $90.00) on shares of Science Applications International Corporation in a report on Sunday, April 2nd. Citigroup Inc. dropped their price objective on Science Applications International Corporation from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. Zacks Investment Research lowered Science Applications International Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $75.00 price target (down from $80.00) on shares of Science Applications International Corporation in a research note on Tuesday, June 13th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $83.38.

Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in Science Applications International Corporation by 5.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,340 shares of the information technology services provider’s stock valued at $622,000 after buying an additional 351 shares during the period. Elkfork Partners LLC purchased a new position in shares of Science Applications International Corporation during the fourth quarter valued at $142,000. New York State Teachers Retirement System raised its position in shares of Science Applications International Corporation by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 89,158 shares of the information technology services provider’s stock valued at $7,561,000 after buying an additional 600 shares during the period. Tyers Asset Management LLC purchased a new position in shares of Science Applications International Corporation during the fourth quarter valued at $103,000. Finally, A.R.T. Advisors LLC purchased a new position in shares of Science Applications International Corporation during the fourth quarter valued at $941,000. Institutional investors and hedge funds own 68.72% of the company’s stock.

Science Applications International Corporation Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

Insider Buying and Selling by Quarter for Science Applications International Corporation (NYSE:SAIC)

Receive News & Ratings for Science Applications International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply