Shares of Science Applications International Co. (NYSE:SAIC – Get Free Report) reached 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.
Analysts Set New Price Targets
A number of brokerages have issued reports on SAIC. The Goldman Sachs Group decreased their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, Barclays boosted their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Science Applications International has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.
View Our Latest Analysis on Science Applications International
Science Applications International Price Performance
Science Applications International Dividend Announcement
The firm 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is 24.96%.
Insiders Place Their Bets
In other Science Applications International news, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SAIC. UMB Bank n.a. lifted its stake in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Science Applications International during the 2nd quarter valued at about $27,000. GAMMA Investing LLC raised its position in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Science Applications International by 30.4% during 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 in the last quarter. Finally, Quarry LP acquired a new position in Science Applications International during the third quarter worth $71,000. 76.00% of the stock is owned by hedge funds and other 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.
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