Science Applications International (NYSE:SAIC) Shares Up 5% – Still a Buy?

Science Applications International Co. (NYSE:SAIC)’s stock price rose 5% during trading on Tuesday . The company traded as high as $99.12 and last traded at $100.58. Approximately 56,224 shares changed hands during trading, a decline of 91% from the average daily volume of 627,728 shares. The stock had previously closed at $95.77.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced 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. Finally, UBS Group began coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $136.11.

Science Applications International Stock Up 5.5 %

The stock has a market cap of $4.94 billion, a PE ratio of 17.08 and a beta of 0.66. The business has a 50 day moving average price of $108.60 and a 200 day moving average price of $124.49. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.46%. Science Applications International’s payout ratio is 24.96%.

Insider Activity

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought 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 owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its position in shares of Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after purchasing an additional 4,939 shares during the period. Van ECK Associates Corp lifted its stake in Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after buying an additional 44,990 shares in the last quarter. Forum Financial Management LP acquired a new stake in Science Applications International in the 3rd quarter worth about $204,000. Assetmark Inc. increased its stake in Science Applications International by 1.8% during the 3rd quarter. Assetmark Inc. now owns 223,508 shares of the information technology services provider’s stock worth $31,128,000 after buying an additional 3,931 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Science Applications International by 56.9% during the third quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider’s stock valued at $419,000 after acquiring an additional 1,091 shares during the last quarter. Hedge funds and other 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.