Science Applications International (NYSE:SAIC) Hits New 52-Week Low – What’s Next?

Science Applications International Co. (NYSE:SAIC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $104.02 and last traded at $104.31, with a volume of 260307 shares trading hands. The stock had previously closed at $107.03.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of recent analyst reports. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group started coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Citigroup boosted their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $139.38.

Science Applications International Stock Down 1.5 %

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $5.15 billion, a P/E ratio of 17.78 and a beta of 0.66. The stock has a fifty day moving average price of $114.03 and a 200 day moving average price of $127.09.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

Insider Activity

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $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 corporate insiders.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Science Applications International by 36,732.4% during the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after buying an additional 245,005 shares during the period. Victory Capital Management Inc. boosted its holdings in Science Applications International by 851.8% in the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock worth $16,609,000 after buying an additional 132,976 shares during the period. Van ECK Associates Corp grew its position 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 purchasing an additional 76,204 shares in the last quarter. ING Groep NV bought a new position in shares of Science Applications International during the fourth quarter worth $3,912,000. Finally, Bank of New York Mellon Corp boosted its stake in Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after buying an additional 31,374 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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.