Science Applications International (NYSE:SAIC) Sets New 1-Year Low - Here's Why

Science Applications International Co. (NYSE:SAIC - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $110.79 and last traded at $112.76, with a volume of 69426 shares. The stock had previously closed at $114.38.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAIC. Citigroup increased their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. UBS Group initiated coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price target on the stock. The Goldman Sachs Group reduced their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Finally, TD Cowen boosted their price target on Science Applications International from $145.00 to $155.00 and gave the stock a "buy" 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, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Science Applications International presently has an average rating of "Moderate Buy" and an average price target of $144.38.

Science Applications International Stock Down 2.9 %

The stock's 50 day simple moving average is $133.46 and its 200 day simple moving average is $128.22. The stock has a market capitalization of $5.43 billion, a P/E ratio of 18.74 and a beta of 0.64. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's dividend payout ratio is presently 24.96%.

Insider Buying and Selling

In other news, EVP Barbara Supplee acquired 425 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Science Applications International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas bought a new position in Science Applications International during the 3rd quarter valued at $1,713,000. Tidal Investments LLC bought a new position in shares of Science Applications International during the 3rd quarter valued at about $200,000. TD Private Client Wealth LLC grew its stake in shares of Science Applications International by 53.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider's stock worth $212,000 after purchasing an additional 532 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Science Applications International by 42.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider's stock worth $1,063,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Science Applications International during the third quarter worth approximately $249,000. Institutional investors own 76.00% of the company's stock.

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.