Science Applications International (NYSE:SAIC) Hits New 52-Week High After Dividend Announcement

Shares of Science Applications International Co. (NYSE:SAIC) reached a new 52-week high on Friday after the company announced a dividend. The company traded as high as $145.97 and last traded at $145.33, with a volume of 43526 shares changing hands. The stock had previously closed at $144.04.

The newly announced dividend which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.02%. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SAIC shares. Barclays lifted their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. 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 report on Friday, September 6th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Citigroup raised their price objective on shares of Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Truist Financial raised their price target on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $146.14.

Science Applications International Trading Up 1.1 %

The business has a fifty day moving average of $130.53 and a 200-day moving average of $126.99. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $7.21 billion, a P/E ratio of 18.68 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. Analysts anticipate that Science Applications International Co. will post 8.19 earnings per share for the current fiscal year.

Insider Activity at Science Applications International

In related news, EVP James Joshua Jackson bought 400 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Michelle A. O’hara purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the acquisition, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Joshua Jackson acquired 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of $114.28 per share, with a total value of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,550 shares of company stock valued at $184,319. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in Science Applications International in the second quarter worth $2,963,000. Dana Investment Advisors Inc. increased its position in shares of Science Applications International by 6.3% during the 2nd quarter. Dana Investment Advisors Inc. now owns 31,823 shares of the information technology services provider’s stock valued at $3,741,000 after purchasing an additional 1,879 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Science Applications International during the 2nd quarter worth $231,000. Cetera Investment Advisers boosted its holdings in shares of Science Applications International by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after buying an additional 87 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in Science Applications International by 26.7% during the second quarter. Brandes Investment Partners LP now owns 3,047 shares of the information technology services provider’s stock valued at $358,000 after buying an additional 642 shares during the period. 76.00% of the stock is 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.