Science Applications International (NYSE:SAIC) Trading 5% Higher - Still a Buy?

Shares of Science Applications International Co. (NYSE:SAIC - Get Free Report) traded up 5% during mid-day trading on Tuesday . The stock traded as high as $99.12 and last traded at $100.58. 56,224 shares changed hands during trading, a decline of 91% from the average session volume of 627,728 shares. The stock had previously closed at $95.77.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price 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. The Goldman Sachs Group dropped their price objective on 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. Wells Fargo & Company dropped their price objective on Science Applications International from $149.00 to $139.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective for the company. Finally, StockNews.com raised 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 assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $136.11.

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Science Applications International Price Performance

The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 18.76 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 company has a 50 day moving average of $108.03 and a 200 day moving average of $123.91.

Science Applications International Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.33%. Science Applications International's payout ratio is 24.96%.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company's stock, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Barbara Supplee purchased 425 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. The trade was 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 currently owned by insiders.

Institutional Trading of Science Applications International

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. lifted its holdings in shares of Science Applications International by 1.8% in the 3rd quarter. Assetmark Inc. now owns 223,508 shares of the information technology services provider's stock valued at $31,128,000 after purchasing an additional 3,931 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Science Applications International by 56.9% in the 3rd quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider's stock valued at $419,000 after purchasing an additional 1,091 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Science Applications International by 45.1% in the 3rd quarter. Covestor Ltd now owns 1,355 shares of the information technology services provider's stock valued at $189,000 after purchasing an additional 421 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Science Applications International by 20.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,727 shares of the information technology services provider's stock valued at $520,000 after purchasing an additional 620 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Science Applications International in the 3rd quarter valued at about $1,054,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.