Science Applications International said on March 29, 2023 that its board of directors declared a regular
quarterly dividend of $0.37 per share ($1.48 annualized).
Previously, the company paid $0.37 per share.
Shares must be purchased before the ex-div date of April 13, 2023 to qualify for the dividend.
Shareholders of record as of April 14, 2023
will receive the payment on April 28, 2023.
At the current share price of $106.65 / share,
the stock’s dividend yield is 1.39%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.69%,
the lowest has been 1.30%,
and the highest has been 2.85%.
The standard deviation of yields is 0.19 (n=236).
The current dividend yield is
1.56 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.30.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 11.52% Upside
As of March 30, 2023,
the average one-year price target for Science Applications International is $118.93.
The forecasts range from a low of $90.90 to a high of $148.05.
The average price target represents an increase of 11.52% from its latest reported closing price of $106.65.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Science Applications International
is $7,740MM, an increase of 2.95%.
The projected annual non-GAAP EPS
is $7.31.
What is the Fund Sentiment?
There are 790 funds or institutions reporting positions in Science Applications International.
This is an increase
of
63
owner(s) or 8.67% in the last quarter.
Average portfolio weight of all funds dedicated to SAIC is 0.26%,
an increase
of 6.01%.
Total shares owned by institutions decreased
in the last three months by 2.22% to 49,013K shares.
The put/call ratio of SAIC is 0.26, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Wellington Management Group Llp
holds 4,327K shares
representing 7.92% ownership of the company.
In it’s prior filing, the firm reported owning 4,728K shares, representing
a decrease
of 9.26%.
The firm
increased
its portfolio allocation in SAIC by 8.09% over the last quarter.
Boston Partners
holds 3,695K shares
representing 6.76% ownership of the company.
In it’s prior filing, the firm reported owning 3,783K shares, representing
a decrease
of 2.39%.
The firm
decreased
its portfolio allocation in SAIC by 99.96% over the last quarter.
Fuller & Thaler Asset Management
holds 1,920K shares
representing 3.51% ownership of the company.
In it’s prior filing, the firm reported owning 1,904K shares, representing
an increase
of 0.81%.
The firm
increased
its portfolio allocation in SAIC by 11.54% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF
holds 1,702K shares
representing 3.12% ownership of the company.
In it’s prior filing, the firm reported owning 1,627K shares, representing
an increase
of 4.42%.
The firm
increased
its portfolio allocation in SAIC by 14.55% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,674K shares
representing 3.06% ownership of the company.
In it’s prior filing, the firm reported owning 1,663K shares, representing
an increase
of 0.65%.
The firm
increased
its portfolio allocation in SAIC by 16.61% over the last quarter.
Science Applications International Background Information
(This description is provided by the company.)
SAIC® is a premier Fortune 500® technology integrator driving its nation’s digital transformation. Its robust portfolio of offerings across the defense, space, civilian, and intelligence markets includes secure high-end solutions in engineering, IT modernization, and mission solutions. Using its expertise and understanding of existing and emerging technologies, the Comapny integrates the best components from its own portfolio and its partner ecosystem to deliver innovative, effective, and efficient solutions that are critical to achieving its customers’ missions.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
