Science Applications International (NYSE:SAIC) Rating Increased to Hold at Cantor Fitzgerald

Science Applications International (NYSE:SAIC) was upgraded by equities research analysts at Cantor Fitzgerald to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on SAIC. Citigroup increased their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. UBS Group assumed coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price for the company. Finally, The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $137.22.

Science Applications International Trading Down 0.6 %

NYSE SAIC opened at $105.57 on Thursday. Science Applications International has a 12 month low of $103.90 and a 12 month high of $156.34. The stock has a 50-day simple moving average of $113.69 and a 200 day simple moving average of $126.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.16 billion, a PE ratio of 17.80 and a beta of 0.66.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several large investors have recently modified their holdings of SAIC. International Assets Investment Management LLC increased its position in Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after buying an additional 245,005 shares in the last quarter. Victory Capital Management Inc. grew its stake in Science Applications International by 851.8% in the fourth quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider’s stock valued at $16,609,000 after acquiring an additional 132,976 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Science Applications International during the fourth quarter worth approximately $10,038,000. Van ECK Associates Corp lifted its holdings in shares of Science Applications International by 30.4% in the 4th quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock worth $36,529,000 after purchasing an additional 76,204 shares in the last quarter. Finally, ING Groep NV acquired a new stake in Science Applications International in the 4th quarter valued at $3,912,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

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.