Science Applications International Corp. (NYSE:SAIC) announced a quarterly dividend on Friday, September 16th. Shareholders of record on Friday, October 14th will be given a dividend of 0.31 per share on Friday, October 28th. This represents a $1.24 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, October 12th.

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 69.05 on Friday. The firm’s 50-day moving average price is $66.54 and its 200 day moving average price is $58.49. The company has a market capitalization of $3.05 billion, a PE ratio of 24.32 and a beta of 1.54. Science Applications International Corp. has a 52-week low of $39.76 and a 52-week high of $72.50.

Science Applications International Corp. (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $1.10 billion for the quarter. Science Applications International Corp. had a net margin of 2.92% and a return on equity of 38.81%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that Science Applications International Corp. will post $3.30 earnings per share for the current year.

Dividend History for Science Applications International Corp. (NYSE:SAIC)

In other Science Applications International Corp. news, CEO Anthony J. Moraco sold 38,821 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $66.58, for a total value of $2,584,702.18. Following the sale, the chief executive officer now directly owns 204,879 shares of the company’s stock, valued at approximately $13,640,843.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Maria M. Bishop sold 2,160 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $69.65, for a total transaction of $150,444.00. Following the completion of the sale, the chief financial officer now directly owns 11,569 shares in the company, valued at $805,780.85. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Allianz Asset Management AG increased its stake in shares of Science Applications International Corp. by 14.3% in the second quarter. Allianz Asset Management AG now owns 36,986 shares of the company’s stock worth $2,158,000 after buying an additional 4,625 shares in the last quarter. Laurion Capital Management LP increased its stake in shares of Science Applications International Corp. by 9.0% in the second quarter. Laurion Capital Management LP now owns 7,200 shares of the company’s stock worth $420,000 after buying an additional 592 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Science Applications International Corp. by 10.8% in the second quarter. Thrivent Financial for Lutherans now owns 5,844 shares of the company’s stock worth $341,000 after buying an additional 570 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Science Applications International Corp. by 11.4% in the second quarter. Profund Advisors LLC now owns 8,734 shares of the company’s stock worth $510,000 after buying an additional 891 shares in the last quarter. Finally, Stevens Capital Management LP increased its stake in shares of Science Applications International Corp. by 289.2% in the second quarter. Stevens Capital Management LP now owns 34,282 shares of the company’s stock worth $2,000,000 after buying an additional 25,474 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, August 16th. SunTrust Banks Inc. reiterated a “buy” rating on shares of Science Applications International Corp. in a report on Monday, June 13th. Drexel Hamilton reiterated a “buy” rating and issued a $63.00 target price (up from $55.00) on shares of Science Applications International Corp. in a report on Thursday, June 16th. Jefferies Group boosted their target price on shares of Science Applications International Corp. from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, June 15th. Finally, Citigroup Inc. boosted their target price on shares of Science Applications International Corp. from $64.00 to $67.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $71.17.

About Science Applications International Corp.

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.

5 Day Chart for NYSE:SAIC

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