Science Applications International (NYSE:SAIC) Shares Unloaded Rep. Gerald E. Connolly

Representative Gerald E. Connolly (D-Virginia) recently sold shares of Science Applications International Co. (NYSE:SAIC). In a filing disclosed on October 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Science Applications International stock on October 10th. The trade occurred in the Representative’s “TIAA JOINT” account.

Representative Gerald E. Connolly also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Leidos (NYSE:LDOS) on 10/10/2024.

Science Applications International Trading Down 0.3 %

Science Applications International stock traded down $0.51 during trading on Thursday, reaching $146.68. 86,437 shares of the company were exchanged, compared to its average volume of 297,707. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $134.15 and its two-hundred day simple moving average is $127.90. The company has a market capitalization of $7.26 billion, a P/E ratio of 26.47 and a beta of 0.70. Science Applications International Co. has a 52-week low of $105.97 and a 52-week high of $148.57.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts expect that Science Applications International Co. will post 8.2 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.01%. Science Applications International’s dividend payout ratio (DPR) is presently 26.62%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday. Citigroup increased their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen boosted their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Wells Fargo & Company upped their target price on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Barclays lifted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.43.

Institutional Trading of Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. Wellington Management Group LLP increased its holdings in Science Applications International by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after purchasing an additional 194,160 shares during the period. Dimensional Fund Advisors LP grew its position 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. Bank of New York Mellon Corp increased its stake in shares of Science Applications International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after buying an additional 25,807 shares during the period. American Century Companies Inc. raised its holdings in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after acquiring an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Science Applications International by 9.7% in the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after acquiring an additional 27,664 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Connolly

Gerald Edward Connolly (Democratic Party) (also known as Gerry) is a member of the U.S. House, representing Virginia’s 11th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2025. Connolly (Democratic Party) is running for re-election to the U.S. House to represent Virginia’s 11th Congressional District. He declared candidacy for the 2024 election. Click here to see Connolly’s key votes in Congress. Since at least 2012, Connolly was assigned to the Committee on Foreign Affairs and the Committee on Oversight and Government Reform. From 1995 through 2008, Connolly served as a member of the Fairfax County Board of Supervisors. Connolly was born in Boston, Massachusetts. He earned his bachelor’s from Maryknoll College in 1971 and his M.P.A. in 1971 from Harvard University. After receiving his master’s, he began working for the United States Senate Committee on Foreign Relations. Prior to his election to the U.S. House, Connolly was a chair of the Board of Supervisors in Fairfax County, Va.

Science Applications International Company Profile

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.