Science Applications International Corporation (NYSE:SAIC) COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Science Applications International Corporation (SAIC) opened at 68.73 on Thursday. The company has a 50-day moving average of $67.63 and a 200-day moving average of $71.21. Science Applications International Corporation has a 52 week low of $60.21 and a 52 week high of $89.87. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.20 and a beta of 1.60.

Science Applications International Corporation (NYSE:SAIC) last issued its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that Science Applications International Corporation will post $3.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 1.80%. Science Applications International Corporation’s payout ratio is currently 34.64%.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in Science Applications International Corporation during the second quarter worth about $1,204,000. Koch Industries Inc. acquired a new position in Science Applications International Corporation during the second quarter worth about $600,000. Verition Fund Management LLC acquired a new position in Science Applications International Corporation during the second quarter worth about $385,000. Ameritas Investment Partners Inc. grew its position in Science Applications International Corporation by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 16,781 shares of the information technology services provider’s stock worth $1,165,000 after buying an additional 192 shares during the period. Finally, Nomura Holdings Inc. grew its position in Science Applications International Corporation by 121.9% during the second quarter. Nomura Holdings Inc. now owns 13,589 shares of the information technology services provider’s stock worth $946,000 after buying an additional 7,464 shares during the period. Institutional investors own 64.46% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Cowen and Company reissued a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research note on Friday, September 8th. Jefferies Group LLC lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research lowered shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $93.00 target price on shares of Science Applications International Corporation in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $80.63.

About Science Applications International Corporation

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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