Science Applications International Corporation (SAIC) Earns News Impact Score of 0.12

Media stories about Science Applications International Corporation (NYSE:SAIC) have been trending somewhat positive on Monday, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Science Applications International Corporation earned a news impact score of 0.12 on AlphaOne’s scale. AlphaOne also gave media coverage about the information technology services provider an impact score of 68 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Alpha One’s analysis:

Insider Buying and Selling by Quarter for Science Applications International Corporation (NYSE:SAIC)

Several equities research analysts recently issued reports on SAIC shares. Citigroup Inc. cut their target price on shares of Science Applications International Corporation from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Monday, April 3rd. Cowen and Company reissued a “hold” rating and issued a $75.00 price objective on shares of Science Applications International Corporation in a research note on Monday, May 15th. Vertical Research assumed coverage on shares of Science Applications International Corporation in a report on Thursday, March 16th. They set a “hold” rating and a $91.00 price target on the stock. Zacks Investment Research downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $75.00 price target (down from $80.00) on shares of Science Applications International Corporation in a research note on Tuesday, June 13th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $83.38.

Science Applications International Corporation (NYSE:SAIC) traded up 0.41% during midday trading on Monday, hitting $71.28. 519,608 shares of the stock traded hands. The stock has a market capitalization of $3.11 billion, a P/E ratio of 19.85 and a beta of 1.64. The stock’s 50-day moving average price is $74.67 and its 200-day moving average price is $80.66. Science Applications International Corporation has a 52 week low of $54.66 and a 52 week high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings results on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities research analysts expect that Science Applications International Corporation will post $3.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, July 12th. Science Applications International Corporation’s payout ratio is 34.54%.

In related news, insider Nazzic S. Keene sold 8,580 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $72.45, for a total value of $621,621.00. Following the transaction, the insider now owns 34,826 shares of the company’s stock, valued at $2,523,143.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

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About Science Applications International Corporation

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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