Science Applications International Sees Unusually High Options Volume (SAIC)
Science Applications International Corp (NYSE:SAIC) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 767 call options on the stock. This is an increase of approximately 1,062% compared to the average daily volume of 66 call options.
SAIC has been the subject of several analyst reports. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Tuesday, June 5th. ValuEngine lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Tuesday. Cowen reissued a “hold” rating and issued a $82.00 target price on shares of Science Applications International in a report on Tuesday. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $84.00 target price (down from $88.00) on shares of Science Applications International in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $85.29.
Science Applications International stock opened at $78.51 on Friday. The company has a market capitalization of $3.33 billion, a P/E ratio of 17.85, a PEG ratio of 3.46 and a beta of 1.40. Science Applications International has a 12-month low of $61.27 and a 12-month high of $93.31. The company has a quick ratio of 1.18, a current ratio of 1.40 and a debt-to-equity ratio of 2.61.
In other news, CEO Anthony J. Moraco sold 21,737 shares of the company’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $81.32, for a total transaction of $1,767,652.84. Following the completion of the sale, the chief executive officer now owns 61,249 shares of the company’s stock, valued at approximately $4,980,768.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 22,322 shares of company stock valued at $1,814,728 in the last ninety days. Insiders own 2.05% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Squar Milner Financial Services LLC bought a new position in Science Applications International in the 2nd quarter worth approximately $112,000. Itau Unibanco Holding S.A. boosted its stake in Science Applications International by 536.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,031 shares of the information technology services provider’s stock worth $164,000 after purchasing an additional 1,712 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Science Applications International in the 2nd quarter worth approximately $201,000. Alambic Investment Management L.P. bought a new position in Science Applications International in the 1st quarter worth approximately $205,000. Finally, Point72 Hong Kong Ltd boosted its stake in Science Applications International by 219.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock worth $212,000 after purchasing an additional 1,797 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.
Science Applications International Company Profile
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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