Science Applications International Target of Unusually Large Options Trading (NYSE:SAIC)
Science Applications International Corp (NYSE:SAIC) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 1,102 call options on the stock. This is an increase of 1,350% compared to the average volume of 76 call options.
Shares of SAIC traded down $0.15 during mid-day trading on Friday, hitting $94.15. 4,650 shares of the company traded hands, compared to its average volume of 494,743. Science Applications International has a one year low of $69.99 and a one year high of $96.80. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average of $90.89 and a 200 day moving average of $85.70. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.77 and a beta of 1.31.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, December 5th. The information technology services provider reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.04). Science Applications International had a net margin of 2.62% and a return on equity of 22.10%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 38.5% on a year-over-year basis. As a group, analysts anticipate that Science Applications International will post 5.42 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its holdings in Science Applications International by 162.6% in the fourth quarter. UBS Group AG now owns 112,489 shares of the information technology services provider’s stock valued at $9,789,000 after buying an additional 69,647 shares during the period. PEAK6 Investments LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $306,000. Amalgamated Bank lifted its holdings in Science Applications International by 1.5% in the fourth quarter. Amalgamated Bank now owns 11,119 shares of the information technology services provider’s stock valued at $968,000 after buying an additional 169 shares during the period. PYA Waltman Capital LLC acquired a new position in Science Applications International in the fourth quarter valued at approximately $202,000. Finally, Dean Capital Management acquired a new position in Science Applications International in the fourth quarter valued at approximately $626,000. Institutional investors and hedge funds own 77.26% of the company’s stock.
Several analysts have recently commented on the stock. SunTrust Banks reissued a “positive” rating and set a $110.00 price target on shares of Science Applications International in a research note on Friday, February 7th. Barclays reissued a “buy” rating and set a $115.00 price target on shares of Science Applications International in a research note on Monday, January 27th. Benchmark assumed coverage on shares of Science Applications International in a research note on Friday, January 31st. They set a “buy” rating and a $100.00 price target on the stock. Wells Fargo & Co increased their price target on shares of Science Applications International from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Science Applications International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $100.20.
Science Applications International Company Profile
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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