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

Science Applications International Co. (NYSE:SAIC) reached a new 52-week low during trading on Friday . The stock traded as low as $95.59 and last traded at $98.65, with a volume of 100448 shares traded. The stock had previously closed at $100.56.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price objective on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price for the company. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $136.11.

Science Applications International Stock Performance

The business has a 50-day moving average of $109.16 and a two-hundred day moving average of $124.85. 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 cap of $4.83 billion, a P/E ratio of 16.66 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.50%. Science Applications International’s payout ratio is 24.96%.

Insider Activity at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were bought 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 directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SAIC. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after purchasing an additional 464,989 shares during the period. State Street Corp raised its position in Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after buying an additional 15,166 shares during the last quarter. First Trust Advisors LP lifted its stake in Science Applications International by 0.3% during the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after acquiring an additional 3,078 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after acquiring an additional 18,102 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Science Applications International in the fourth quarter worth $63,572,000. 76.00% of the stock is owned by institutional investors and hedge funds.

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.