Insider Trading Tue 6/11/24

Notable purchases -- CEO adds to MXCT; notable sales -- CRO active in JPM

Buyers:

• AUB Director bought 14,467 shares at $30.85 - $31.71 worth approx. $454K.

• DSGR Director bought 4,000 shares at $30.24 worth about $121K.

• HWKN Director bought 3,300 shares at $86.50 - $88.43 worth ~$289K.

• FCPT President / Chief Executive Officer bought 6,230 shares at $24.05 worth ~$150K.

• MTN EVP & Chief Financial Officer bought 575 shares at $176.20 worth more than $100K.

• MXCT President / Chief Executive Officer bought 100,000 shares at $4.77 - $5.00 worth ~$489K.

• OEC Chief Financial Officer bought 5,000 shares at $23.68 worth ~$118K.

• SAIC Chief Financial Officer bought 2,000 shares at $114.85 worth ~$230K.

• SHEN President / Chief Executive Officer and SVP Finance / Chief Financial Officer bought 18,187 shares combined at $15.79 - $17.00 worth ~$297K.

• SNOW Director bought 76,200 shares at $130.83 - $131.50 worth ~$10 mln.

• TTSH 10% owner bought 109,194 shares at $6.55 - $6.75 worth ~$720K.

• VFC President / Chief Executive Officer bought 75,200 shares at $13.20 - $13.30 worth nearly $1 mln.

Sellers:

• JPM Chief Risk Officer sold 5,086 shares at $199.5393 worth approx. $1.0 mln.

• PSA Chief Legal Officer sold 400 shares at $274.285 worth ~$110K.

==Science Applications (SAIC) reported earnings on Mon 4 Dec 23 (b/o)

 

Science Applications beats by $0.58, beats on revs; raises FY24 EPS above consensus, revs above consensus

• Reports Q3 (Oct) earnings of $2.27 per share, $0.58 better than the FactSet Consensus of $1.69; revenues fell 0.7% year/year to $1.9 bln vs the $1.79 bln FactSet Consensus.
• Co issues upside guidance for FY24, sees EPS of $7.70-7.90 vs. $7.42 FactSet Consensus and above prior guidance of $7.20-7.40; sees FY24 revs of $7.33-7.35 bln vs. $7.24 bln FactSet Consensus and above prior guidance of $7.20-7.25 bln.

Insider Trading Thur 9/21/23

Notable purchases -- Director adds to BHLB; notable sales -- Sector President active in SAIC

Buyers:

• BHLB Director bought 18,000 shares at $19.80 - $19.90 worth ~$357K.
  
• HROW 10% owner Opaleye Management bought 20,000 shares at $14.22 - $14.73 worth ~$292K.

Sellers:

• SAIC Sector President sold 3,557 shares at $109.75 - $109.91 worth ~$391K.

Science Applications (SAIC) reported earnings on Thur 5 Dec 19 (a/h)

** charts before earnings **

** charts after earnings **

 

 

 

 

 

 Science Applications misses by $0.06, reports revs in-line

Reports Q3 (Oct) earnings of $1.39 per share, $0.06 worse than the S&P Capital IQ Consensus of $1.45; revenues rose 38.5% year/year to $1.63 bln vs the $1.63 bln S&P Capital IQ Consensus.

Net bookings for the quarter were approximately $2.2 bln, which reflects a book-to-bill ratio of 1.4. SAIC's estimated backlog of signed business orders at the end of the quarter was approximately $14.5 bln of which $2.9 bln was funded.

Operating income as a percentage of revenues of 5.8%, decreased from 6.2% in the comparable prior year period, due to increased intangible asset amortization, lower current quarter net profit write-ups and acquisition and integration costs, partially offset by cost synergies.

Earnings this week : Dec 2 - 6, 19 (wk 49)

Monday (Dec 2)

• Morning: DSX
• Afternoon: COUP

Tuesday (Dec 3)

• Morning: BMO DCI GSM LE  QTT
• Afternoon: AVAV HQY MRVL CRM WDAY ZS

Wednesday (Dec 4)

• Morning: BNED CPB GIII JW.A RY
• Afternoon: HOME DSGX ESTC FIVE GEF HRB POWL PGNY RH SMTC WORK SMAR SPWH SNPS TLYS VRNT 

Thursday (Dec 5)

• Morning: BF.B CM DG DLTH EXPR GMS JILL KIRK KLXE KR MEI MIK PDCO SCWX SIG SY TIF TD
• Afternoon: AOBC CLDR COO CRWD DOCU DOMO EZPW GWRE MDLA OKTA PD SAIC ULTA YEXT ZM ZUMZ ZUO

Friday (Dec 6) 

• Morning: BIG GCO  HHR

Notable earnings reports:

• Coupa Software (NASDAQ:COUP) and Diana Shipping (NYSE:DSX) on December 2; 
• Salesforce (NYSE:CRM), Workday (NASDAQ:WDAY), Marvell Technologies (NASDAQ:MRVL) and AutoZone (NYSE:AZO) on December 3; 
• Slack Technologies (NYSE:WORK), Campbell Soup (NYSE:CPB), At Home Group (NYSE:HOME) and Five Below (NASDAQ:FIVE) on December 4; 
• Kroger (NYSE:KR), Lululemon (NASDAQ:LULU), DocuSign (NASDAQ:DOCU), Dollar General (NYSE:DG) and Zoom Video (NASDAQ:ZM) on December 5; 
• Big Lots (NYSE:BIG) and Genesco (NYSE:GCO) on December 6.

Science Applications (SAIC) reported earnings on Tue 12 June 18 (a/h)

** chart before earnings **

** charts after earnings **

 

Science Applications beats by $0.09, beats on revs

• Reports Q1 (Apr) earnings of $1.13 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus of $1.04; revenues rose 6.5% year/year to $1.18 bln vs the $1.13 bln Capital IQ Consensus.
• Net bookings for the quarter were approximately $1 billion, which reflects a book-to-bill ratio of 0.8. SAIC's estimated backlog of signed business orders at the end of the quarter was approximately $10 bln of which $1.9 bln was funded.

Science Applications (SAIC) reported earnings on Thur 7 Sept 17 (a/h)

** charts after earnings **

 

** 2 months later **

Science Applications misses by $0.11, reports revs in-line

• Reports Q2 (Jul) earnings of $0.80 per share, $0.11 worse than the Capital IQ Consensus of $0.91; revenues fell 1.6% year/year to $1.08 bln vs the $1.08 bln Capital IQ Consensus.
• Operating income as a percentage of revenues decreased to 5.5% of revenues, compared to 6.4% for the prior year quarter, primarily due to lower contract profitability largely driven by prior year write-ups on programs supporting federal civilian agencies, lower profitability on re-competed supply chain management contracts and higher severance and facility expense.
• Total cash flows used by operating activities for the second quarter were $35 million. The $58 million decrease in cash provided by operating activities compared to the prior year period was primarily due to a government customer payment system issue ($45 million).
• Net bookings for the quarter were approximately $2.1 billion, which reflects a book-to-bill ratio of approximately 2.0. 

Science Applications (SAIC) split into two publicly traded companies : SAIC and LDOS

The original SAIC was created in 1969 by J. Robert Beyster.
On September 27, 2013, SAIC split into two publicly traded companies.

 

• SAIC : The company spun off about a third of its business, which retained its name, forming an approximately $4 billion-per-year service company focused on government services, including systems engineering, technical assistance, financial analysis, and program office support. 
• LDOS: The remaining part became a $7 billion-per-year IT company specializing in technology for the national security, health, and engineering sectors. The parent company changed its name to Leidos (LDOS).

The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.