Insider Selling: Science Applications International Corporation (SAIC) Insider Sells 3,476 Shares of Stock

Science Applications International Corporation (NYSE:SAIC) insider Douglas Martin Wagoner sold 3,476 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $70.50, for a total transaction of $245,058.00. Following the transaction, the insider now owns 106,147 shares in the company, valued at $7,483,363.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

Shares of Science Applications International Corporation (SAIC) traded up 1.82% during midday trading on Tuesday, hitting $70.92. 440,413 shares of the stock traded hands. The stock has a 50-day moving average of $72.14 and a 200-day moving average of $78.14. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 19.75 and a beta of 1.65. Science Applications International Corporation has a 52-week low of $59.68 and a 52-week high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings results on Monday, June 12th. The information technology services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. On average, equities analysts predict that Science Applications International Corporation will post $3.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, July 12th. Science Applications International Corporation’s dividend payout ratio (DPR) is currently 34.54%.

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Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 price objective on shares of Science Applications International Corporation in a research report on Friday, July 14th. 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 research report on Sunday, April 2nd. Wells Fargo & Company reissued a “market perform” rating and issued a $75.00 price objective (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, June 1st. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $81.63.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new position in shares of Science Applications International Corporation during the fourth quarter worth $630,000. Norges Bank acquired a new position in shares of Science Applications International Corporation during the fourth quarter worth $41,469,000. Numeric Investors LLC acquired a new position in shares of Science Applications International Corporation during the fourth quarter worth $1,900,000. Thrivent Financial for Lutherans boosted its position in shares of Science Applications International Corporation by 8.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,634 shares of the information technology services provider’s stock worth $647,000 after buying an additional 620 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Science Applications International Corporation by 122.8% in the fourth quarter. AQR Capital Management LLC now owns 502,575 shares of the information technology services provider’s stock worth $42,618,000 after buying an additional 276,984 shares during the period. Hedge funds and other institutional investors own 68.83% 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)

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