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

Shares of Science Applications International Co. (NYSE:SAICGet Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $108.86 and last traded at $108.84, with a volume of 94919 shares. The stock had previously closed at $110.57.

Analyst Ratings Changes

SAIC has been the topic of several research reports. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Citigroup raised their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average price target of $139.38.

Check Out Our Latest Research Report on SAIC

Science Applications International Trading Down 1.7 %

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 stock’s 50-day moving average is $116.66 and its two-hundred day moving average is $127.68. The stock has a market cap of $5.31 billion, a P/E ratio of 18.35 and a beta of 0.66.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.36%. Science Applications International’s payout ratio is presently 24.96%.

Insider Activity

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired 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 owns 3,579 shares of the company’s stock, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares in the last quarter. Bank of Montreal Can increased its position in shares of Science Applications International by 1.2% during the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Science Applications International by 4.8% during the fourth 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 in the last quarter. Brookstone Capital Management lifted its holdings in shares of Science Applications International by 7.0% during the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 160 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Science Applications International by 12.1% in the 3rd quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock worth $214,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

(Get Free Report)

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.

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