Science Applications International Co. (NYSE:SAIC - Get Free Report) announced a quarterly dividend on Friday, May 30th, RTT News reports. Stockholders of record on Friday, July 11th will be given a dividend of 0.37 per share by the information technology services provider on Friday, July 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.29%.
Science Applications International Price Performance
NYSE:SAIC traded down $0.96 during trading hours on Friday, reaching $114.35. The company had a trading volume of 1,015,779 shares, compared to its average volume of 519,723. The stock has a 50-day moving average of $117.25 and a two-hundred day moving average of $113.47. 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 market capitalization of $5.46 billion, a PE ratio of 19.28 and a beta of 0.55. Science Applications International has a one year low of $94.68 and a one year high of $156.34.
Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Analysts forecast that Science Applications International will post 8.27 earnings per share for the current year.
Analyst Upgrades and Downgrades
SAIC has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group boosted their price target on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, March 18th. Wells Fargo & Company lowered their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Truist Financial reduced their price target on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $131.20.
Get Our Latest Stock Analysis on Science Applications International
Insider Activity at Science Applications International
In other Science Applications International news, Director Garth Graham acquired 215 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. The trade was a 3.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Milford W. Mcguirt bought 500 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the purchase, the director now owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,260 shares of company stock worth $365,037 in the last 90 days. Company insiders own 0.44% of the company's stock.
Hedge Funds Weigh In On Science Applications International
A number of institutional investors have recently bought and sold shares of SAIC. Focus Partners Wealth raised its holdings in Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock valued at $326,000 after acquiring an additional 94 shares during the period. Empowered Funds LLC grew its position in Science Applications International by 93.2% in the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the information technology services provider's stock valued at $1,204,000 after acquiring an additional 5,173 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Science Applications International by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the information technology services provider's stock worth $16,454,000 after buying an additional 26,633 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Science Applications International by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the information technology services provider's stock worth $16,863,000 after buying an additional 7,816 shares in the last quarter. 76.00% of the stock is owned by institutional investors.
About Science Applications International
(
Get Free Report)
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.
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