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

Science Applications International Co. (NYSE:SAIC - Get Free Report) announced a quarterly dividend on Tuesday, March 18th, 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 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, April 11th.

Science Applications International Trading Up 1.4 %

Shares of NYSE SAIC traded up $1.54 during midday trading on Tuesday, reaching $113.44. 1,093,501 shares of the stock were exchanged, compared to its average volume of 428,771. The company has a 50 day simple moving average of $107.40 and a 200 day simple moving average of $122.98. The stock has a market capitalization of $5.55 billion, a P/E ratio of 19.13 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. As a group, equities analysts expect that Science Applications International will post 8.27 earnings per share for the current year.

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Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the firm'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 transaction, the director now owns 6,864 shares of the company's stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SAIC shares. TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and cut their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. 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. Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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 equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $134.00.

About Science Applications International

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.