Rep. Gerald E. Connolly Sells Shares of Science Applications International Co. (NYSE:SAIC)

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 %

Shares of NYSE SAIC opened at $105.57 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 52 week low of $103.90 and a 52 week high of $156.34. The stock has a market capitalization of $5.16 billion, a P/E ratio of 17.80 and a beta of 0.66. The stock’s fifty day moving average is $113.69 and its 200 day moving average is $126.95.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 payout ratio is presently 24.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. increased its holdings in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. Cornerstone Planning Group LLC acquired a new position in Science Applications International during the fourth quarter worth $28,000. GAMMA Investing LLC lifted its stake in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 203 shares in the last quarter. Quarry LP bought a new stake in shares of Science Applications International during the third quarter worth about $71,000. Finally, Jones Financial Companies Lllp increased its position in shares of Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

Insider Activity at Science Applications International

In related news, 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 value of $381,230.30. Following the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International 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 acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SAIC shares. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Cantor Fitzgerald began coverage on shares of Science Applications International in a research report on Friday. They issued a “neutral” rating and a $120.00 price target for the company. Finally, UBS Group assumed coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $137.22.

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.

About Science Applications International

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.