Insider Selling: Science Applications International Corp (NYSE:SAIC) CEO Sells 12,694 Shares of Stock

Science Applications International Corp (NYSE:SAIC) CEO Anthony J. Moraco sold 12,694 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $85.87, for a total transaction of $1,090,033.78. Following the sale, the chief executive officer now owns 47,661 shares in the company, valued at $4,092,650.07. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of NYSE:SAIC opened at $85.20 on Monday. The stock has a market cap of $5.04 billion, a P/E ratio of 16.90, a PEG ratio of 2.86 and a beta of 1.40. Science Applications International Corp has a 12 month low of $58.19 and a 12 month high of $93.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.18 and a current ratio of 1.30.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.21 by $0.15. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. Science Applications International had a net margin of 2.80% and a return on equity of 25.89%. The firm’s revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. On average, equities analysts forecast that Science Applications International Corp will post 5.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.74%. Science Applications International’s payout ratio is 29.37%.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc grew its holdings in shares of Science Applications International by 7.0% during the third quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock worth $435,631,000 after purchasing an additional 352,533 shares during the last quarter. Strs Ohio lifted its stake in shares of Science Applications International by 10.8% during the fourth quarter. Strs Ohio now owns 4,100 shares of the information technology services provider’s stock valued at $261,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System lifted its stake in shares of Science Applications International by 1.3% during the fourth quarter. Arizona State Retirement System now owns 30,535 shares of the information technology services provider’s stock valued at $1,945,000 after acquiring an additional 397 shares during the period. Rhumbline Advisers lifted its stake in shares of Science Applications International by 69.8% during the fourth quarter. Rhumbline Advisers now owns 124,222 shares of the information technology services provider’s stock valued at $7,913,000 after acquiring an additional 51,063 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Science Applications International during the fourth quarter valued at $737,000. Institutional investors own 76.92% of the company’s stock.

Several analysts have recently issued reports on SAIC shares. TheStreet cut shares of Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday, April 9th. Morgan Stanley restated a “buy” rating and set a $96.00 target price on shares of Science Applications International in a research report on Wednesday, June 12th. Zacks Investment Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and upped their target price for the company from $83.00 to $108.00 in a research report on Friday, March 29th. Finally, ValuEngine cut shares of Science Applications International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $95.00.

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Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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