Science Applications International (NYSE:SAIC) Sets New 52-Week Low – Time to Sell?

Science Applications International Co. (NYSE:SAIC)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $102.75 and last traded at $105.10, with a volume of 740587 shares traded. The stock had previously closed at $105.64.

Analyst Ratings Changes

SAIC has been the topic of several recent analyst reports. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. 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 report on Thursday, December 12th. UBS Group started coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Finally, Wells Fargo & Company decreased 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 research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $137.22.

Science Applications International Price Performance

The company’s 50-day simple moving average is $112.94 and its 200 day simple moving average is $126.77. The company has a market capitalization of $5.14 billion, a P/E ratio of 17.72 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s 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 of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Barbara Supplee bought 425 shares of the 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 purchase, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently made changes to their positions in SAIC. Farther Finance Advisors LLC boosted its holdings in Science Applications International by 30,868.8% in the 3rd 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 during the period. Seizert Capital Partners LLC raised its position in shares of Science Applications International by 36.3% during the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after buying an additional 10,326 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Science Applications International in the fourth quarter valued at about $312,000. Van ECK Associates Corp grew its position in Science Applications International by 21.9% during the third 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 in the last quarter. Finally, Pure Financial Advisors LLC increased its stake in Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after acquiring an additional 2,946 shares during the period. Institutional investors and hedge funds 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.