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

Science Applications International Co. (NYSE:SAIC) declared 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.1 %

Shares of NYSE:SAIC opened at $113.95 on Wednesday. Science Applications International has a 52-week low of $108.90 and a 52-week high of $156.34. The firm has a market capitalization of $5.57 billion, a P/E ratio of 19.22 and a beta of 0.66. The stock has a 50 day moving average price of $124.03 and a 200-day moving average price 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.

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAIC. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. TD Cowen raised Science Applications International to a “strong-buy” rating in a research report on Thursday, December 19th. Barclays raised their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.