Science Applications International (NYSE:SAIC) Reaches New 1-Year Low – Here’s What Happened

Science Applications International Co. (NYSE:SAIC) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $95.59 and last traded at $98.65, with a volume of 100448 shares trading hands. The stock had previously closed at $100.56.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group cut their price target 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. JPMorgan Chase & Co. reduced their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. UBS Group assumed coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Finally, TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $136.11.

Science Applications International Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $109.16 and a two-hundred day moving average price of $124.85. The firm has a market cap of $4.83 billion, a PE ratio of 16.66 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm 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 was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.50%. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Transactions at Science Applications International

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 shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, for a total transaction 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. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Science Applications International in the fourth quarter worth approximately $63,572,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Science Applications International by 27.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after purchasing an additional 464,989 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in shares of Science Applications International during the 4th quarter worth $34,909,000. AQR Capital Management LLC increased its position in shares of Science Applications International by 68.4% during the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider’s stock worth $49,413,000 after purchasing an additional 179,963 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Science Applications International in the 4th quarter valued at about $18,694,000. Hedge funds and other 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.