Science Applications International Co. (NYSE:SAIC) to Issue Quarterly Dividend of $0.37

Science Applications International Co. (NYSE:SAIC) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.37 per share by the information technology services provider on Friday, April 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.41%.

Science Applications International Trading Up 0.4 %

NYSE:SAIC opened at $104.73 on Friday. The business has a 50 day simple moving average of $107.63 and a 200 day simple moving average of $123.35. 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 firm has a market capitalization of $5.12 billion, a P/E ratio of 17.61 and a beta of 0.66. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34.

Analyst Ratings Changes

Several analysts have weighed in on the company. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $136.11.

Insider Buying and Selling

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

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.