Science Applications International (NYSE:SAIC) Shares Gap Down to $134.65

Shares of Science Applications International Co. (NYSE:SAICGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $134.65, but opened at $130.01. Science Applications International shares last traded at $126.12, with a volume of 50,579 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price objective on 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 reiterated a “hold” rating and issued a $130.00 price objective on shares of Science Applications International in a report on Friday, April 12th. The Goldman Sachs Group dropped their price objective 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. Finally, 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 report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $127.60.

Get Our Latest Report on Science Applications International

Science Applications International Trading Down 12.3 %

The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 13.93 and a beta of 0.70. The business has a 50 day simple moving average of $130.91 and a 200-day simple moving average of $129.75.

Science Applications International (NYSE:SAICGet Free Report) last posted its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis. As a group, equities analysts expect that Science Applications International Co. will post 8.11 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a $0.37 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.25%. Science Applications International’s payout ratio is 16.72%.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo purchased 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Katharina G. Mcfarland sold 760 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vincent P. Difronzo purchased 795 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Institutional Trading of Science Applications International

A number of large investors have recently added to or reduced their stakes in SAIC. Contravisory Investment Management Inc. acquired a new stake in shares of Science Applications International in the fourth quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in Science Applications International during the 4th quarter valued at $26,000. Parallel Advisors LLC boosted its position in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in Science Applications International by 92.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 433 shares of the information technology services provider’s stock worth $46,000 after purchasing an additional 208 shares during the period. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of Science Applications International by 150.3% in the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

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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