Science Applications International Corp (NYSE:SAIC) CEO Anthony J. Moraco sold 1,803 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value of $135,225.00. Following the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of SAIC opened at $74.50 on Tuesday. The stock has a market cap of $4.45 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.70 and a beta of 1.56. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.52 and a current ratio of 1.60. Science Applications International Corp has a 52-week low of $58.19 and a 52-week high of $93.31.
Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, research analysts expect that Science Applications International Corp will post 5.02 EPS for the current year.
SAIC has been the subject of several research reports. Wells Fargo & Co increased their price target on Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a research note on Friday, March 29th. Citigroup initiated coverage on Science Applications International in a research note on Tuesday, February 19th. They set a “buy” rating for the company. Drexel Hamilton reiterated a “buy” rating and set a $90.00 price target on shares of Science Applications International in a research note on Thursday, January 24th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, January 17th. Finally, ValuEngine upgraded Science Applications International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $88.57.
Institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP purchased a new stake in Science Applications International during the 4th quarter worth about $36,000. Wilsey Asset Management Inc. purchased a new stake in Science Applications International during the 4th quarter worth about $144,000. NumerixS Investment Technologies Inc lifted its holdings in Science Applications International by 30.4% during the 4th quarter. NumerixS Investment Technologies Inc now owns 3,001 shares of the information technology services provider’s stock worth $188,000 after purchasing an additional 700 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Science Applications International during the 3rd quarter worth about $243,000. Finally, Strs Ohio lifted its holdings in Science Applications International by 10.8% during the 4th quarter. Strs Ohio now owns 4,100 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 400 shares in the last quarter. 69.53% of the stock is currently owned by institutional investors and hedge funds.
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About Science Applications International
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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