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

Shares of Science Applications International Co. (NYSE:SAIC) reached a new 52-week low on Friday . The stock traded as low as $108.86 and last traded at $108.84, with a volume of 94919 shares. The stock had previously closed at $110.57.

Analysts Set New Price Targets

SAIC has been the topic of a number of research reports. The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price target on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Citigroup boosted their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $139.38.

Science Applications International Price Performance

The firm has a market capitalization of $5.31 billion, a P/E ratio of 18.35 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 50 day simple moving average of $116.66 and a two-hundred day simple moving average of $127.68.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. The trade was a 13.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction on Monday, January 13th. The shares were 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. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several hedge funds have recently added to or reduced their stakes in SAIC. Envestnet Asset Management Inc. boosted its holdings in shares of Science Applications International by 12.1% during the second quarter. Envestnet Asset Management Inc. now owns 28,223 shares of the information technology services provider’s stock worth $3,318,000 after purchasing an additional 3,048 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Science Applications International by 12.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,583 shares of the information technology services provider’s stock valued at $421,000 after acquiring an additional 383 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Science Applications International in the 2nd quarter worth about $392,000. Intech Investment Management LLC bought a new stake in shares of Science Applications International during the 2nd quarter valued at about $807,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Science Applications International during the second quarter valued at about $306,000. 76.00% of the stock is owned by 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.