Science Applications International (NYSE:SAIC) Reaches New 52-Week Low - Here's What Happened

Science Applications International Co. (NYSE:SAIC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $102.75 and last traded at $105.10, with a volume of 740587 shares traded. The stock had previously closed at $105.64.

Wall Street Analysts Forecast Growth

SAIC has been the subject of several research reports. UBS Group assumed coverage on Science Applications International in a research note on Monday, December 2nd. They set a "neutral" rating and a $134.00 price target for the company. TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and cut their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Cantor Fitzgerald assumed coverage on shares of Science Applications International in a research note on Friday, February 7th. They issued a "neutral" rating and a $120.00 target price for the company. Finally, StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $137.22.

Science Applications International Price Performance

The stock has a 50 day moving average price of $111.43 and a two-hundred day moving average price of $126.18. 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 $4.93 billion, a PE ratio of 17.02 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid 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 1.47%. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the company'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 value of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Barbara Supplee acquired 425 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now directly owns 3,579 shares of the company's stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently added to or reduced their stakes in SAIC. Cornerstone Planning Group LLC acquired a new stake in Science Applications International during the fourth quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Science Applications International in the 4th quarter valued at $58,000. Quarry LP acquired a new stake in shares of Science Applications International in the 3rd quarter valued at $71,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds 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.