Science Applications International (NYSE:SAIC) Sees Unusually-High Trading Volume - Should You Buy?

Science Applications International Co. (NYSE:SAIC - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 905,755 shares were traded during mid-day trading, an increase of 198% from the previous session's volume of 304,040 shares.The stock last traded at $120.70 and had previously closed at $125.91.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SAIC. JPMorgan Chase & Co. raised shares of Science Applications International from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Barclays raised their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a research report on Monday, September 16th. Truist Financial upped their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, September 6th. StockNews.com lowered Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, TD Cowen upped 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $150.43.

Science Applications International Stock Performance

The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 22.01 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $142.06 and a two-hundred day simple moving average of $130.66.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $2.05 EPS. As a group, analysts anticipate that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is currently 26.62%.

Institutional Investors Weigh In On Science Applications International

Large investors have recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock worth $29,000 after buying an additional 171 shares during the period. Larson Financial Group LLC acquired a new stake in Science Applications International during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC grew its stake in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 147 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

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.