Science Applications International Co. (SAIC) To Go Ex-Dividend on January 10th

Science Applications International Co. (NYSE:SAIC) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders of record on Friday, January 10th will be paid a dividend of 0.37 per share by the information technology services provider on Friday, January 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, January 10th.

Science Applications International has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Science Applications International to earn $9.03 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 16.4%.

Science Applications International Price Performance

SAIC opened at $113.95 on Wednesday. The firm has a market cap of $5.57 billion, a P/E ratio of 19.22 and a beta of 0.66. The firm has a 50-day moving average of $124.03 and a 200 day moving average of $127.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a fifty-two week low of $108.90 and a fifty-two week high of $156.34.

Insiders Place Their Bets

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. The trade was a 13.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. UBS Group assumed coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Wells Fargo & Company increased their target price on shares of Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Barclays increased their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.38.

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.