Science Applications International (NYSE:SAIC) Reaches New 1-Year Low – Here’s Why

Shares of Science Applications International Co. (NYSE:SAIC) reached a new 52-week low on Friday . The company traded as low as $108.86 and last traded at $108.84, with a volume of 94919 shares changing hands. The stock had previously closed at $110.57.

Analysts Set New Price Targets

A number of research firms have issued reports on SAIC. JPMorgan Chase & Co. cut their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Citigroup boosted their price objective 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. Finally, TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus price target of $139.38.

Science Applications International Price Performance

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 $116.39 and its two-hundred day moving average is $127.64. The company has a market cap of $5.33 billion, a P/E ratio of 18.37 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm also recently announced 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. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Buying and Selling

In other news, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction dated 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 directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade 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. Also, Director Katharina G. Mcfarland sold 3,239 shares of the business’s 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 completion of the sale, the director now owns 6,864 shares in the company, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Trading of Science Applications International

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after purchasing an additional 4,939 shares in the last quarter. Seizert Capital Partners LLC grew its stake in shares of Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after buying an additional 10,326 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after buying an additional 44,990 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in shares of Science Applications International by 59.7% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock valued at $1,787,000 after buying an additional 4,796 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Science Applications International by 36,732.4% in the 3rd 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 purchasing an additional 245,005 shares during the last quarter. Institutional investors 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.