Science Applications International (NYSE:SAIC) Hits New 52-Week Low – Should You Sell?

Shares of Science Applications International Co. (NYSE:SAIC) hit a new 52-week low during trading on Wednesday . The stock traded as low as $102.75 and last traded at $105.10, with a volume of 740587 shares. The stock had previously closed at $105.64.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAIC. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective on the stock. Finally, Cantor Fitzgerald initiated coverage on Science Applications International in a report on Friday, February 7th. They issued a “neutral” rating and a $120.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus price target of $137.22.

Science Applications International Stock Down 0.5 %

The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 17.72 and a beta of 0.66. The firm has a fifty day moving average price of $112.94 and a 200 day moving average price of $126.77. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s payout ratio is presently 24.96%.

Insider Activity at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s 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 transaction, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Science Applications International by 851.8% during the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock worth $16,609,000 after buying an additional 132,976 shares during the period. Prudential Financial Inc. increased its stake in shares of Science Applications International by 285.5% in the 4th quarter. Prudential Financial Inc. now owns 138,987 shares of the information technology services provider’s stock valued at $17,012,000 after acquiring an additional 102,933 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Science Applications International in the 4th quarter valued at approximately $10,038,000. Finally, Van ECK Associates Corp boosted its stake in Science Applications International by 30.4% during the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after acquiring an additional 76,204 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

About Science Applications International

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.