Science Applications International (NYSE:SAIC) Hits New 52-Week Low - What's Next?

Science Applications International Co. (NYSE:SAIC - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $95.59 and last traded at $98.65, with a volume of 100448 shares. The stock had previously closed at $100.56.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on shares of Science Applications International from $149.00 to $139.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. UBS Group started 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 objective for the company. Finally, The Goldman Sachs Group reduced their price objective 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. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $136.11.

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Science Applications International Stock Performance

The stock's 50-day moving average price is $108.39 and its 200-day moving average price is $124.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.04 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. Science Applications International's payout ratio is 24.96%.

Insider Activity

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm's stock in a transaction that occurred 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 directly owns 6,864 shares of the company's stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Science Applications International during the 4th quarter worth approximately $3,382,000. Jefferies Financial Group Inc. purchased a new stake in Science Applications International in the 4th quarter worth approximately $1,706,000. Formidable Asset Management LLC purchased a new stake in Science Applications International in the 4th quarter worth approximately $423,000. Public Employees Retirement System of Ohio purchased a new stake in Science Applications International in the 4th quarter worth approximately $2,023,000. Finally, CSS LLC IL purchased a new stake in Science Applications International in the 4th quarter worth approximately $437,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.