Science Applications International (SAIC) Sees Unusually-High Trading Volume

Science Applications International Corp (NYSE:SAIC) saw unusually-high trading volume on Friday . Approximately 3,414,312 shares changed hands during mid-day trading, an increase of 332% from the previous session’s volume of 791,102 shares.The stock last traded at $65.03 and had previously closed at $64.56.

SAIC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Science Applications International from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Drexel Hamilton set a $90.00 target price on Science Applications International and gave the company a “buy” rating in a report on Friday, December 7th. Jefferies Financial Group upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, September 25th. ValuEngine lowered Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Science Applications International in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $82.86.

The company has a debt-to-equity ratio of 2.50, a current ratio of 1.57 and a quick ratio of 1.40. The firm has a market capitalization of $2.75 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45.



Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, December 6th. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.21. Science Applications International had a return on equity of 57.96% and a net margin of 4.29%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $0.98 earnings per share. Science Applications International’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Science Applications International Corp will post 4.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Friday, January 11th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, January 10th. This represents a $1.24 annualized dividend and a dividend yield of 1.91%. Science Applications International’s dividend payout ratio is 35.13%.

Large investors have recently made changes to their positions in the stock. Savant Capital LLC purchased a new stake in shares of Science Applications International during the third quarter worth $249,000. BlackRock Inc. raised its holdings in Science Applications International by 1.7% during the third quarter. BlackRock Inc. now owns 4,723,203 shares of the information technology services provider’s stock valued at $380,690,000 after buying an additional 81,138 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Science Applications International by 12.4% during the third quarter. Pacer Advisors Inc. now owns 14,882 shares of the information technology services provider’s stock valued at $1,199,000 after buying an additional 1,636 shares in the last quarter. Northern Trust Corp raised its holdings in Science Applications International by 0.7% during the second quarter. Northern Trust Corp now owns 670,818 shares of the information technology services provider’s stock valued at $54,289,000 after buying an additional 4,916 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Science Applications International by 192.6% during the third quarter. Russell Investments Group Ltd. now owns 21,993 shares of the information technology services provider’s stock valued at $1,772,000 after buying an additional 14,476 shares in the last quarter. Institutional investors and hedge funds own 67.20% of the company’s stock.

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About Science Applications International (NYSE:SAIC)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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