Science Applications International Corp (NYSE:SAIC) – Seaport Global Securities upped their Q3 2021 earnings estimates for shares of Science Applications International in a research note issued on Monday, June 24th, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now anticipates that the information technology services provider will earn $1.53 per share for the quarter, up from their prior forecast of $1.38.
Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.62 billion. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The firm’s revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS.
Shares of NYSE:SAIC traded up $0.53 during mid-day trading on Wednesday, reaching $86.24. The company had a trading volume of 347,986 shares, compared to its average volume of 473,987. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. The company has a 50-day simple moving average of $85.19. Science Applications International has a one year low of $58.19 and a one year high of $93.31.
A number of large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. raised its position in shares of Science Applications International by 5.2% during the 1st quarter. Marshall Wace North America L.P. now owns 11,549 shares of the information technology services provider’s stock valued at $890,000 after purchasing an additional 574 shares during the period. American Century Companies Inc. purchased a new stake in Science Applications International during the fourth quarter worth $2,124,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Science Applications International during the first quarter worth $227,000. SG Americas Securities LLC boosted its holdings in Science Applications International by 130.0% during the first quarter. SG Americas Securities LLC now owns 14,708 shares of the information technology services provider’s stock worth $1,132,000 after buying an additional 8,314 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Science Applications International during the fourth quarter worth $1,573,000. Institutional investors own 75.65% of the company’s stock.
In other news, CEO Anthony J. Moraco sold 12,694 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $85.87, for a total value of $1,090,033.78. Following the transaction, the chief executive officer now owns 47,661 shares of the company’s stock, valued at $4,092,650.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Anthony J. Moraco sold 14,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $85.65, for a total transaction of $1,199,100.00. Following the completion of the transaction, the chief executive officer now directly owns 65,798 shares in the company, valued at approximately $5,635,598.70. The disclosure for this sale can be found here. Insiders own 1.64% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.72%. Science Applications International’s payout ratio is 29.37%.
About Science Applications International
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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