Science Applications International (NYSE:SAIC) Shares Down 7% – Should You Sell?

Shares of Science Applications International Co. (NYSE:SAIC) fell 7% during trading on Thursday . The stock traded as low as $137.21 and last traded at $137.65. 82,539 shares traded hands during trading, a decline of 72% from the average session volume of 293,606 shares. The stock had previously closed at $148.01.

Analyst Ratings Changes

Several research analysts have issued reports on SAIC shares. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. TD Cowen upped their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Citigroup lifted their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $150.43.

Science Applications International Price Performance

The stock’s 50-day moving average price is $142.46 and its 200 day moving average price is $130.75. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 24.05 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Equities research analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is currently 26.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. UMB Bank n.a. grew its stake in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Science Applications International in the 2nd quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the period. Fifth Third Bancorp lifted its stake in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC grew its holdings in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares during the period. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

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.