Science Applications International (NYSE:SAIC) Hits New 52-Week Low – What’s Next?

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on SAIC shares. Wells Fargo & Company reduced their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Citigroup lifted 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 note on Thursday, October 10th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, 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 on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $139.38.

Science Applications International Trading Down 1.5 %

The stock’s fifty day simple moving average is $116.39 and its two-hundred day simple moving average is $127.64. The firm has a market cap of $5.33 billion, a PE ratio of 18.37 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

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. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SAIC. UMB Bank n.a. raised its position 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 buying an additional 171 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 203 shares during the last quarter. Quarry LP bought a new position in Science Applications International during the third quarter valued at approximately $71,000. Sunbelt Securities Inc. purchased a new stake in Science Applications International in the second quarter worth approximately $78,000. Finally, Sound Income Strategies LLC bought a new stake in Science Applications International in the 3rd quarter worth approximately $121,000. 76.00% of the stock is owned by 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.