Science Applications International (NYSE:SAIC) Shares Unloaded Rep. Gerald E. Connolly

Representative Gerald E. Connolly (D-Virginia) recently sold shares of Science Applications International Co. (NYSE:SAIC). In a filing disclosed on February 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Science Applications International stock on February 5th. The trade occurred in the Representative’s “TIAA JOINT” account.

Representative Gerald E. Connolly also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Leidos (NYSE:LDOS) on 2/5/2025.
• Sold $1,001 – $15,000 in shares of Dominion Energy (NYSE:D) on 2/5/2025.

Science Applications International Stock Down 0.6 %

SAIC opened at $105.57 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average price of $113.69 and a two-hundred day moving average price of $126.95. Science Applications International Co. has a 52 week low of $103.90 and a 52 week high of $156.34. The company has a market cap of $5.16 billion, a PE ratio of 13.25 and a beta of 0.66.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of SAIC. State Street Corp lifted its position in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after purchasing an additional 18,102 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Science Applications International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock worth $58,497,000 after buying an additional 31,374 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Science Applications International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after purchasing an additional 6,780 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after buying an additional 76,204 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAIC has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Science Applications International in a research report on Friday. They set a “neutral” rating and a $120.00 target price for the company. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $137.22.

Insider Buying and Selling

In other news, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

About Representative Connolly

Gerald Edward Connolly (Democratic Party) (also known as Gerry) is a member of the U.S. House, representing Virginia’s 11th Congressional District. He assumed office on January 3, 2009. His current term ends on January 3, 2027.

Connolly (Democratic Party) ran for re-election to the U.S. House to represent Virginia’s 11th Congressional District. He won in the general election on November 5, 2024.

Click here to see Connolly’s key votes in Congress.

Since at least 2012, Connolly was assigned to the Committee on Foreign Affairs and the Committee on Oversight and Government Reform.

From 1995 through 2008, Connolly served as a member of the Fairfax County Board of Supervisors.

Connolly was born in Boston, Massachusetts. He earned his bachelor’s from Maryknoll College in 1971 and his M.P.A. in 1971 from Harvard University. After receiving his master’s, he began working for the United States Senate Committee on Foreign Relations.[1] Prior to his election to the U.S. House, Connolly was a chair of the Board of Supervisors in Fairfax County, Va.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.