In a recent transaction, Katharina G. McFarland, a director at Science Applications (NASDAQ:SAIC) International Corp (NYSE:SAIC), sold 760 shares of the company's common stock. The shares were sold at a price of $125.64 each, resulting in a total sale value of approximately $95,486.
This transaction, which took place on April 12, 2024, was disclosed in a filing with the Securities and Exchange Commission. Following the sale, McFarland's ownership in the company stands at 8,653 shares of common stock.
Science Applications International Corp, known for its services in computer integrated systems design, remains a key player in its industry. The company, which has its roots in Delaware, operates under the trading symbol SAIC and has a strong presence in Reston, Virginia.
Investors and market watchers often keep an eye on insider transactions as they can provide insights into a company's health and the confidence level of its executives and directors. The sale by McFarland might be interpreted in various ways, but it is a single transaction in the broader context of the company's ongoing business activities.
The details of this sale are now publicly available for shareholders and potential investors to review as they make their investment decisions regarding Science Applications International Corp.
InvestingPro Insights
Science Applications International Corp (NYSE:SAIC) has been demonstrating strategic financial moves that could signal a positive outlook to informed investors. As of the last twelve months as of Q4 2024, the company boasts a market capitalization of $6.38 billion, indicating a significant presence in the computer integrated systems design industry. With a P/E ratio of 13.72, SAIC is trading at a valuation that suggests it may be undervalued relative to its near-term earnings growth potential.
An InvestingPro Tip worth noting is that SAIC's management has been aggressively buying back shares, a move that can often be interpreted as a sign of confidence in the company's future prospects. Additionally, SAIC has maintained dividend payments for 12 consecutive years, providing a steady return to shareholders. The current dividend yield stands at 1.14%, with the last dividend ex-date being April 11, 2024.
While the recent insider sale by director Katharina G. McFarland may raise questions, it's important to consider the broader financial context. SAIC has shown a high shareholder yield and is profitable over the last twelve months. Moreover, the company has been profitable for a decade, with analysts predicting profitability to continue this year. For investors looking to delve deeper into SAIC's financial health, there are additional InvestingPro Tips available, providing a comprehensive analysis of the company's performance and potential.
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