Science Applications International (NYSE:SAIC) Hits New 1-Year Low – Here’s What Happened

Shares of Science Applications International Co. (NYSE:SAIC) reached a new 52-week low on Wednesday . The stock traded as low as $111.34 and last traded at $112.92, with a volume of 249397 shares traded. The stock had previously closed at $115.96.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAIC. Citigroup boosted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Monday. Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. 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 research report on Friday, September 6th. Finally, Wells Fargo & Company raised their price target on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Stock Down 0.4 %

The company has a market capitalization of $5.53 billion, a P/E ratio of 19.31 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s fifty day moving average is $135.92 and its 200-day moving average is $128.86.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Activity at Science Applications International

In other Science Applications International news, 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 cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at $416,452.44. The trade was a 13.47 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in 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 worth $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Science Applications International by 122.7% in the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after acquiring an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Science Applications International by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after purchasing an additional 56,414 shares during the period. American Century Companies Inc. raised its holdings in Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after purchasing an additional 28,304 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Science Applications International by 9.7% in the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after purchasing an additional 27,664 shares during the period. Institutional investors and hedge funds 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.