Science Applications International (NYSE:SAIC) Sets New 12-Month Low - Time to Sell?

Science Applications International Co. (NYSE:SAIC - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $97.14 and last traded at $97.46, with a volume of 103088 shares changing hands. The stock had previously closed at $102.79.

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of recent analyst reports. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Wells Fargo & Company decreased 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. Cantor Fitzgerald initiated coverage on shares of Science Applications International in a report on Friday, February 7th. They set a "neutral" rating and a $120.00 price target for the company. UBS Group initiated coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective on the stock. 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 investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $137.22.

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Science Applications International Price Performance

The business's 50-day simple moving average is $109.83 and its two-hundred day simple moving average is $125.34. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 16.97 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.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.47%. Science Applications International's dividend payout ratio is currently 24.96%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value 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 represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Science Applications International

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates lifted its stake in shares of Science Applications International by 4.9% in the third quarter. Raymond James & Associates now owns 76,873 shares of the information technology services provider's stock worth $10,706,000 after acquiring an additional 3,598 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Science Applications International by 60.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 30,536 shares of the information technology services provider's stock worth $4,253,000 after purchasing an additional 11,512 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Science Applications International in the 3rd quarter worth approximately $210,000. International Assets Investment Management LLC boosted its stake in shares of Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock valued at $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Science Applications International by 1.4% during the third quarter. State of Alaska Department of Revenue now owns 20,949 shares of the information technology services provider's stock worth $2,917,000 after buying an additional 295 shares during the period. Institutional investors own 76.00% 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.