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.
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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