Science Applications International Co. (SAIC) To Go Ex-Dividend on July 12th

Science Applications International Co. (NYSE:SAICGet Free Report) declared a quarterly dividend on Tuesday, July 9th, Wall Street Journal reports. Shareholders of record on Friday, July 12th will be paid a dividend of 0.37 per share by the information technology services provider on Friday, July 26th. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, July 12th.

Science Applications International has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Science Applications International to earn $9.01 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 Performance

NYSE:SAIC opened at $113.40 on Wednesday. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 13.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. Science Applications International has a 1-year low of $104.26 and a 1-year high of $145.17. The firm’s fifty day moving average price is $124.78 and its 200 day moving average price is $128.56.

Science Applications International (NYSE:SAICGet Free Report) last issued its quarterly earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.92. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.14 earnings per share. On average, sell-side analysts expect that Science Applications International will post 8.1 EPS for the current year.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo bought 215 shares of the company’s stock in a transaction on Monday, June 24th. The stock was purchased at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the acquisition, the executive vice president now owns 2,267 shares of the company’s stock, valued at approximately $264,604.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $125.64, for a total transaction of $95,486.40. Following the sale, the director now owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Vincent P. Difronzo bought 215 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $116.72 per share, with a total value of $25,094.80. Following the purchase, the executive vice president now directly owns 2,267 shares in the company, valued at approximately $264,604.24. The disclosure for this purchase can be found here. Insiders bought 6,110 shares of company stock valued at $744,577 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SAIC. Wells Fargo & Company lifted their price target on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. Finally, Truist Financial decreased their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus price target of $126.60.

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Science Applications International Company Profile

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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.

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Dividend History for Science Applications International (NYSE:SAIC)

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