Science Applications International Co. (NYSE:SAIC) Director Katharina G. Mcfarland Sells 3,239 Shares

Science Applications International Co. (NYSE:SAIC) Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $116.07 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50-day simple moving average is $121.00 and its 200-day simple moving average is $127.82. The firm has a market cap of $5.67 billion, a P/E ratio of 19.57 and a beta of 0.66. Science Applications International Co. has a twelve month low of $108.90 and a twelve month high of $156.34.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio is 24.96%.

Institutional Investors Weigh In On Science Applications International

Large investors have recently made changes to their positions in the company. AGF Management Ltd. lifted its position in shares of Science Applications International by 4.8% during the second quarter. AGF Management Ltd. now owns 17,170 shares of the information technology services provider’s stock worth $2,018,000 after purchasing an additional 790 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Science Applications International by 7.1% in the second quarter. GHP Investment Advisors Inc. now owns 16,381 shares of the information technology services provider’s stock valued at $1,926,000 after buying an additional 1,083 shares during the period. Envestnet Asset Management Inc. increased its holdings in Science Applications International by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,223 shares of the information technology services provider’s stock worth $3,318,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SAIC shares. UBS Group started coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup increased their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $139.38.

About Science Applications International

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.