Today: Today, Science Applications International Corp. (SAIC) Plans Quarterly Dividend of $0.31

Today, Science Applications International Corp. (SAIC) Plans Quarterly Dividend of $0.31

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

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

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

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In other Science Applications International Corp. news, insider Douglas Martin Wagoner sold 2,300 shares of the stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $69.68, for a total value of $160,264.00. Following the transaction, the insider now owns 30,916 shares of the company’s stock, valued at $2,154,226.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Moraco sold 38,821 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 204,879 shares in the company, valued at approximately $13,640,843.82. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIC. Thrivent Financial for Lutherans increased its position in 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. Comerica Bank increased its position in Science Applications International Corp. by 2.1% in the second quarter. Comerica Bank now owns 28,793 shares of the company’s stock worth $1,755,000 after buying an additional 585 shares in the last quarter. Laurion Capital Management LP increased its position in 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. Profund Advisors LLC increased its position in 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, BlackRock Investment Management LLC increased its position in Science Applications International Corp. by 0.4% in the second quarter. BlackRock Investment Management LLC now owns 260,506 shares of the company’s stock worth $15,201,000 after buying an additional 1,037 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Citigroup Inc. increased their price objective on Science Applications International Corp. from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, June 14th. Drexel Hamilton downgraded Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. BB&T Corp. cut Science Applications International Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Finally, Cowen and Company cut Science Applications International Corp. from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $64.00 to $71.00 in a research note on Friday, September 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.17.

Science Applications International Corp. Company Profile

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