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

Science Applications International Co. (NYSE:SAIC)’s stock price reached a new 52-week low during trading on Wednesday . The company 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SAIC shares. UBS Group assumed coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price for the company. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. 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 report on Friday, December 6th. The Goldman Sachs Group decreased their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Finally, TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $137.22.

Science Applications International Stock Performance

The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 13.25 and a beta of 0.66. The stock has a fifty day moving average price of $112.18 and a 200 day moving average price of $126.49. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.48%. Science Applications International’s payout ratio is presently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction 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 transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Wednesday, December 11th. The shares were bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This trade represents 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of SAIC. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International during the fourth quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in shares of Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the last quarter. Quarry LP acquired a new position in Science Applications International in the 3rd quarter valued at approximately $71,000. Jones Financial Companies Lllp increased its holdings in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Science Applications International by 33.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 671 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 167 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other 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.