Science Applications International (NYSE:SAIC) Stock Price Up 5% – Time to Buy?

Shares of Science Applications International Co. (NYSE:SAIC) rose 5% on Tuesday . The company traded as high as $99.12 and last traded at $100.58. Approximately 56,224 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 627,728 shares. The stock had previously closed at $95.77.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company cut their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. UBS Group assumed coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. Finally, TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $136.11.

Science Applications International Stock Performance

The firm’s fifty day moving average is $108.60 and its 200-day moving average is $124.49. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.94 billion, a PE ratio of 17.08 and a beta of 0.66.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.46%. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired 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 of the company’s stock, valued at approximately $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. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC purchased a new position in Science Applications International in the 4th quarter valued at approximately $28,000. True Wealth Design LLC acquired a new stake in shares of Science Applications International in the fourth quarter valued at $48,000. Kapitalo Investimentos Ltda purchased a new position in Science Applications International in the fourth quarter valued at $58,000. Quarry LP acquired a new position in Science Applications International during the 3rd quarter worth $71,000. Finally, Jones Financial Companies Lllp increased its holdings in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other 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.