Katharina G. Mcfarland Sells 3,239 Shares of Science Applications International Co. (NYSE:SAIC) Stock

Science Applications International Co. (NYSE:SAIC - Get Free Report) Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company's stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Science Applications International Stock Performance

SAIC traded up $2.12 on Monday, hitting $118.26. The company's stock had a trading volume of 451,984 shares, compared to its average volume of 448,426. The company's 50 day simple moving average is $121.64 and its 200-day simple moving average is $127.83. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 12 month low of $108.90 and a 12 month high of $156.34. The firm has a market cap of $5.78 billion, a P/E ratio of 19.94 and a beta of 0.66.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, January 10th. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Institutional Trading of Science Applications International

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC grew its position in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after buying an additional 203 shares in the last quarter. Quarry LP bought a new position in Science Applications International in the 3rd quarter worth about $71,000. Sunbelt Securities Inc. purchased a new stake in shares of Science Applications International in the 2nd quarter valued at about $78,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Science Applications International during the 3rd quarter valued at about $121,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SAIC shares. Citigroup lifted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Science Applications International from $154.00 to $149.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Finally, The Goldman Sachs Group decreased their price target on Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $139.38.

About Science Applications International

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.