Science Applications International (NYSE:SAIC) Reaches New 1-Year Low – What’s Next?

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

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price target 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. The Goldman Sachs Group dropped their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on 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, TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $137.22.

Science Applications International Stock Down 0.6 %

The company’s 50 day simple moving average is $113.32 and its 200-day simple moving average is $126.83. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.16 billion, a P/E ratio of 17.80 and a beta of 0.66.

Science Applications International Dividend Announcement

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

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently made changes to their positions in SAIC. Cetera Investment Advisers boosted its stake in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 worth $40,000 after purchasing an additional 203 shares during the period. UMB Bank n.a. lifted its position in Science Applications International by 438.5% during 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. Inspire Investing LLC bought a new stake in Science Applications International during the third quarter valued at about $884,000. Finally, Sound Income Strategies LLC purchased a new stake in Science Applications International in the third quarter worth about $121,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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.