Science Applications International (NYSE:SAIC) Sees Unusually-High Trading Volume – What’s Next?

Science Applications International Co. (NYSE:SAIC) shares saw an uptick in trading volume on Friday . 905,755 shares traded hands 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAIC. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Citigroup increased their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price target on Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average target price of $150.43.

Science Applications International Stock Down 4.0 %

The firm has a 50 day moving average of $142.27 and a 200 day moving average of $130.71. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 21.44 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) 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 company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 earnings per share. As a group, sell-side analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.37 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. Science Applications International’s dividend payout ratio is presently 26.62%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in Science Applications International during the second quarter worth $27,000. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 171 shares during the period. GAMMA Investing LLC lifted its holdings in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp lifted its holdings in Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC lifted its holdings in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 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.