Science Applications International (NYSE:SAIC) Trading Down 4.9% – Time to Sell?

Shares of Science Applications International Co. (NYSE:SAIC) were down 4.9% during trading on Thursday . The stock traded as low as $107.22 and last traded at $107.26. Approximately 475,980 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 425,460 shares. The stock had previously closed at $112.77.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SAIC shares. Truist Financial lowered their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday. 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. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group upped their price objective on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $134.00.

Science Applications International Stock Down 5.5 %

The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 17.92 and a beta of 0.66. The firm has a fifty day moving average price of $107.37 and a 200 day moving average price of $122.79. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio is presently 20.58%.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently modified their holdings of SAIC. Xponance Inc. boosted its stake in Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after acquiring an additional 99 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 100 shares during the last quarter. Mariner LLC grew its stake in shares of Science Applications International by 2.8% during the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock worth $433,000 after purchasing an additional 106 shares during the period. Pictet Asset Management Holding SA increased its holdings in Science Applications International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after purchasing an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.