Science Applications International (NYSE:SAIC) Upgraded by Cantor Fitzgerald to “Hold” Rating

Cantor Fitzgerald upgraded shares of Science Applications International (NYSE:SAIC) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on SAIC. 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 research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of 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. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group began coverage on shares of 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, The Goldman Sachs Group lowered their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $137.22.

Science Applications International Trading Up 1.8 %

Shares of SAIC stock opened at $100.64 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 16.97 and a beta of 0.66. The stock has a 50 day simple moving average of $109.56 and a 200-day simple moving average of $125.19. Science Applications International has a 1-year low of $95.86 and a 1-year high of $156.34.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Transactions at Science Applications International

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

Institutional Trading of Science Applications International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. raised its holdings in Science Applications International by 27.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after buying an additional 464,989 shares during the period. State Street Corp grew its position in Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after acquiring an additional 15,166 shares in the last quarter. First Trust Advisors LP grew its position in Science Applications International by 0.3% in the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after acquiring an additional 3,078 shares in the last quarter. Geode Capital Management LLC grew its position in Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Finally, Norges Bank acquired a new position in Science Applications International in the 4th quarter valued at about $63,572,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.