Science Applications International Co. (NYSE:SAIC) Declares $0.37 Quarterly Dividend

Science Applications International Co. (NYSE:SAIC) announced a quarterly dividend on Wednesday, October 9th, Wall Street Journal reports. Stockholders of record on Friday, October 11th will be given a dividend of 0.37 per share by the information technology services provider on Friday, October 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, October 11th.

Science Applications International Price Performance

SAIC opened at $143.35 on Thursday. Science Applications International has a 1 year low of $105.97 and a 1 year high of $145.97. The stock has a 50-day moving average price of $131.35 and a 200-day moving average price of $127.22. The firm has a market cap of $7.10 billion, a PE ratio of 16.79 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. Sell-side analysts predict that Science Applications International will post 8.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAIC. TD Cowen upped their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Barclays lifted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, Citigroup lifted their price objective on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $146.14.

Insider Buying and Selling

In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of Science Applications International stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

About Science Applications International

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.