Science Applications International (NYSE:SAIC) Sets New 1-Year Low – Should You Sell?

Science Applications International Co. (NYSE:SAIC)’s stock price hit a new 52-week low on Thursday . The company traded as low as $104.02 and last traded at $104.31, with a volume of 260307 shares traded. The stock had previously closed at $107.03.

Analysts Set New Price Targets

A number of research firms recently commented on SAIC. Wells Fargo & Company dropped their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group assumed coverage on Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. 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. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.38.

Science Applications International Stock Performance

The stock has a market cap of $5.15 billion, a P/E ratio of 17.78 and a beta of 0.66. 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 simple moving average is $114.03 and its two-hundred day simple moving average is $127.09.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Activity

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction on 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 in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after purchasing an additional 15,166 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares during the period. Bank of New York Mellon Corp boosted its position in Science Applications International by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider’s stock valued at $58,497,000 after acquiring an additional 31,374 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after acquiring an additional 6,780 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after acquiring an additional 76,204 shares in the last quarter. 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.