Science Applications International (NYSE:SAIC) Hits New 1-Year Low - Should You Sell?

Science Applications International Co. (NYSE:SAIC - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $104.02 and last traded at $104.31, with a volume of 260307 shares changing hands. The stock had previously closed at $107.03.

Wall Street Analyst Weigh In

SAIC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Wells Fargo & Company dropped their target price on Science Applications International from $154.00 to $149.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald initiated coverage on Science Applications International in a research report on Friday. They set a "neutral" rating and a $120.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $137.22.

Science Applications International Trading Up 0.1 %

The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 17.81 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. The business has a fifty day moving average of $113.32 and a two-hundred day moving average of $126.89.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, January 10th. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction 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 sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barbara Supplee bought 425 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 171 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International during the 4th quarter worth $28,000. GAMMA Investing LLC lifted its stake in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 203 shares during the period. Quarry LP purchased a new position in shares of Science Applications International during the 3rd quarter worth $71,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after purchasing an additional 156 shares during the period. Hedge funds and other 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.