Science Applications International (NYSE:SAIC) Hits New 12-Month Low – Here’s What Happened

Shares of Science Applications International Co. (NYSE:SAIC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $110.79 and last traded at $112.76, with a volume of 69426 shares. The stock had previously closed at $114.38.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their target price 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. Barclays lifted their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Truist Financial lifted their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Wells Fargo & Company increased their target price on Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Trading Down 1.7 %

The stock’s 50 day moving average is $134.11 and its 200-day moving average is $128.34. 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 company has a market capitalization of $5.49 billion, a P/E ratio of 19.29 and a beta of 0.64.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several hedge funds have recently bought and sold shares of SAIC. International Assets Investment Management LLC boosted its stake in Science Applications International by 36,732.4% during the third 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 last quarter. Van ECK Associates Corp increased its position 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 worth $24,168,000 after purchasing an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Science Applications International by 5.4% during the second 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 last quarter. American Century Companies Inc. increased its stake in Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after acquiring an additional 28,304 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Science Applications International by 9.7% during the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after purchasing an additional 27,664 shares during the last quarter. 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.