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

Shares of Science Applications International Co. (NYSE:SAIC) reached a new 52-week low on Wednesday . The company traded as low as $111.34 and last traded at $112.92, with a volume of 249397 shares trading hands. The stock had previously closed at $115.96.

Analyst Ratings Changes

SAIC has been the topic of several analyst reports. Citigroup upped their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company lifted their price target on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. UBS Group started coverage on 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, TD Cowen lifted their target price on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Science Applications International has a consensus rating of “Moderate Buy” and a consensus price target of $145.25.

Science Applications International Trading Down 2.1 %

The firm’s fifty day simple moving average is $137.62 and its 200 day simple moving average is $129.23. The stock has a market capitalization of $5.62 billion, a P/E ratio of 19.20 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAIC. Larson Financial Group LLC bought a new position in Science Applications International during the 2nd quarter worth $27,000. UMB Bank n.a. boosted its holdings in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC raised its holdings in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC increased its position in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the period. 76.00% of the stock is currently 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.