Science Applications International Co. (NYSE:SAIC – Get Rating) declared a quarterly dividend on Wednesday, March 23rd, Zacks reports. Stockholders of record on Thursday, April 14th will be given a dividend of 0.37 per share by the information technology services provider on Friday, April 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Wednesday, April 13th.
Science Applications International has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Science Applications International to earn $7.59 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 19.5%.
Shares of Science Applications International stock opened at $89.90 on Tuesday. Science Applications International has a 12-month low of $78.10 and a 12-month high of $96.50. The stock has a market cap of $5.04 billion, a P/E ratio of 18.85 and a beta of 0.78. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $87.29 and its 200-day moving average is $86.77.
Several equities research analysts recently commented on SAIC shares. Barclays raised Science Applications International from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $105.00 to $90.00 in a research note on Monday, January 24th. Wells Fargo & Company raised their target price on Science Applications International from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 24th. Stifel Nicolaus started coverage on Science Applications International in a research report on Thursday, March 17th. They issued a “hold” rating for the company. Morgan Stanley reduced their target price on Science Applications International from $101.00 to $99.00 and set an “overweight” rating for the company in a research report on Tuesday, March 29th. Finally, Zacks Investment Research lowered Science Applications International from a “hold” rating to a “sell” rating and set a $86.00 price target for the company. in a research note on Wednesday, February 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $92.86.
In other Science Applications International news, EVP Steven G. Mahon sold 4,132 shares of the firm’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $91.03, for a total transaction of $376,135.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy J. Mayopoulos sold 3,500 shares of Science Applications International stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $92.94, for a total value of $325,290.00. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Science Applications International during the 4th quarter worth approximately $443,000. Deutsche Bank AG increased its holdings in shares of Science Applications International by 30.4% during the 4th quarter. Deutsche Bank AG now owns 6,730 shares of the information technology services provider’s stock worth $562,000 after buying an additional 1,570 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in Science Applications International by 9.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,306 shares of the information technology services provider’s stock valued at $861,000 after purchasing an additional 877 shares in the last quarter. Vident Investment Advisory LLC grew its stake in shares of Science Applications International by 4.0% during the fourth quarter. Vident Investment Advisory LLC now owns 18,142 shares of the information technology services provider’s stock valued at $1,516,000 after acquiring an additional 704 shares in the last quarter. Finally, State of Tennessee Treasury Department bought a new position in shares of Science Applications International during the fourth quarter worth about $1,738,000. Institutional investors own 75.91% of the company’s stock.
About Science Applications International (Get Rating)
Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services primarily to the U.S. government. Its offerings include engineering, technology integration, maintenance of ground and maritime systems, logistics, training and simulation, operation and program support services, and end-to-end services spanning the design, development, integration, deployment, management and operations, sustainment, and security of its customers’ entire IT infrastructure.
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