There has been some selling insider activity on SCIENCE APPLICATIONS INTERNATIO (NYSE:SAIC) recently. Douglas Martin Wagoner, Sector President sold $160,264 worth of shares at an average price of $69.68 on September 23rd. The Sector President now owns $1,200,865 of the stock per an SEC filing yesterday. Yesterday Interim CFO Maria M. Bishop disclosed the sale of 2,160 shares of (SAIC). The shares were purchased at an average price of $69.65. The Interim CFO now owns $805,788 of the stock per the Form 4 SEC filing.
CEO Anthony J. Moraco sold 38,820 shares at a price of $66.52 on Thu the 15th. That brings Moraco’s holdings to $9,532,363 as reported to the SEC.
Here are a few other firms who have also updated their positions. Northwestern Mutual Investment Management Company, LLC downsized its investment by shedding 35 shares a decrease of 0.5% in the quarter. Northwestern Mutual Investment Management Company, LLC now controls 7,103 shares with a value of $414,000. The total value of its holdings increased 8.7%. Mason Street Advisors, LLC augmented its position by buying 1,433 shares an increase of 8.3% as of 06/30/2016. Mason Street Advisors, LLC currently owns 18,762 shares worth $1,095,000. The value of the position overall is up by 38.1%.
As of quarter end Royal Bank Of Canada had disposed of 783 shares trimming its stake by 66.5%. The value of the investment in SCIENCE APPLICATIONS INTERNATIO went from $63,000 to $23,000 a change of 63.5% quarter to quarter. As of the end of the quarter Ifp Advisors, Inc had bought a total of 23 shares growing its holdings by 63.9%. The value of the company’s investment in SCIENCE APPLICATIONS INTERNATIO increased from $2,000 to $3,000 a change of $1,000 for the reporting period.
September 12 investment analysts at Jefferies maintained a company rating of “Buy” and raised the price expectation to $80.00 from $68.00. On September 9 Citigroup left the company rating at “Buy” but raised the price expectation from $67.00 to $79.00.
On September 9, 2016 the stock rating was changed to a “Market Perform” according to a Drexel Hamilton report a cut from the previous “Buy” rating. On September 9 the company was downgraded to “Market Perform” from “” by Cowen & Co..
June 15 investment analysts at Jefferies made no change to the company rating of “Buy” but moved up the price target from $57.00 to $68.00. June 14 investment analysts at Citigroup kept the stock rating at “Buy” and moved up the price target from $64.00 to $67.00.
The company is now up by 1.25% since yesterday’s close of $69.36. Additionally SCIENCE APPLICATIONS INTERNATIO recently declared a dividend paid on Friday the 29th of July 2016. The dividend was $0.310 per share for the quarter or $1.24 annualized. This dividend represents a yeild of $1.78 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 13th of July 2016.
Shares are trading at $70.23 marginally over the 50 day moving average which is $64.68 and which is slightly above the 200 day moving average of $57.36. The 50 day moving average was up $5.55 or +8.59% whereas the 200 day average was up by +22.43%.
The P/E ratio is 24.74 and market cap is 3.11B. In the latest earnings report the EPS was $2.84 and is projected to be $3.30 for the current year with 44,223,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.81 with next year’s EPS projected to be $3.63.