Science Applications International EVP Attili Srinivas buys $11,175 in stock

Published 07/04/2025, 21:12
Science Applications International EVP Attili Srinivas buys $11,175 in stock

RESTON, Va.—Attili Srinivas, the Executive Vice President for Civilian at Science Applications (NASDAQ:SAIC) International Corp (NYSE:SAIC), recently acquired 100 shares of the company's common stock. The purchase, made on April 4, 2025, was executed at a price of $111.75 per share, amounting to a total transaction value of $11,175. The stock, currently trading at $109.08, appears undervalued according to InvestingPro analysis, with management actively buying back shares to boost shareholder returns.

Following this acquisition, Srinivas's total holdings in the company increased to 11,636 shares. This transaction reflects a direct ownership stake in the company, indicating a continued commitment to Science Applications International's growth and strategic goals. The company maintains a healthy P/E ratio of 15x and has consistently paid dividends for 13 consecutive years, with a current yield of 1.32%.

Science Applications International Corp, headquartered in Reston, Virginia, specializes in providing computer integrated systems design services. The company, with a market capitalization of $5.2 billion, has been a key player in the technology services sector, catering to a wide range of civilian and government clients. InvestingPro analysis reveals 8 additional key insights about SAIC's financial health and growth prospects, available to subscribers.

In other recent news, Science Applications International Corp (SAIC) reported impressive fourth-quarter earnings for fiscal year 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $2.57, significantly higher than the forecasted $2.08, while revenue reached $1.84 billion, exceeding the anticipated $1.81 billion. This performance reflects a 6% increase in revenue year-over-year. In light of these results, SAIC provided positive guidance for fiscal year 2026, projecting revenue growth between $7.6 billion and $7.75 billion, with expected EPS ranging from $9.10 to $9.30.

Additionally, UBS raised SAIC's price target from $123 to $126, maintaining a Neutral rating on the stock. The UBS analyst noted stabilization in the Government IT sector, though risks remain regarding revenue and contract changes. Despite some uncertainties, SAIC communicated a cautiously optimistic outlook, suggesting a more stable customer environment. The company is aiming for a 1.2X book-to-bill ratio in the first half of fiscal year 2026, potentially supporting mid-single-digit organic growth by fiscal year 2027. These developments indicate that SAIC is strategically positioned to navigate the evolving market landscape.

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