Science Applications International Corporation (NASDAQ:SAIC) Declares Quarterly Dividend of $0.37

Science Applications International Corporation (NASDAQ:SAIC) declared a quarterly dividend on Friday, May 29th. Investors of record on Friday, July 10th will be given a dividend of 0.37 per share on Friday, July 24th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, July 10th.

Science Applications International Trading Up 0.5%

NASDAQ:SAIC traded up $0.50 during mid-day trading on Friday, reaching $104.20. The company’s stock had a trading volume of 845,590 shares, compared to its average volume of 605,396. The company’s fifty day simple moving average is $96.28 and its two-hundred day simple moving average is $96.65. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.20 and a quick ratio of 1.20. Science Applications International has a twelve month low of $81.08 and a twelve month high of $121.05. The stock has a market cap of $4.52 billion, a P/E ratio of 13.55 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.57 EPS. On average, equities analysts predict that Science Applications International will post 9.61 EPS for the current year.

Analyst Upgrades and Downgrades

SAIC has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Stifel Nicolaus decreased their price target on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Wall Street Zen cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, The Goldman Sachs Group cut their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $109.20.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.