Science Applications International (NYSE:SAIC) Stock Rating Lowered by TD Cowen

Science Applications International (NYSE:SAIC) was downgraded by equities researchers at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $120.00 target price on the information technology services provider’s stock, down from their prior target price of $155.00. TD Cowen’s price objective indicates a potential upside of 5.31% from the company’s previous close.

Several other equities analysts have also weighed in on SAIC. Citigroup increased their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target for the company. Finally, Barclays upped their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $140.00.

Science Applications International Stock Up 0.1 %

SAIC opened at $113.95 on Wednesday. The stock’s fifty day simple moving average is $124.03 and its 200 day simple moving average is $127.88. Science Applications International has a 1-year low of $108.90 and a 1-year high of $156.34. The stock has a market cap of $5.57 billion, a PE ratio of 19.22 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Insider Activity

In other news, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost 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 $416,452.44. The trade was a 13.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently modified their holdings of the business. State Street Corp raised its holdings in shares of Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after buying an additional 15,166 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after buying an additional 56,414 shares in the last quarter. Geode Capital Management LLC boosted its position in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after buying an additional 6,780 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after buying an additional 28,304 shares in the last quarter. 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.