Science Applications International (NYSE:SAIC) Price Target Cut to $139.00 by Analysts at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its target price trimmed by Wells Fargo & Company from $149.00 to $139.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

Several other equities research analysts have also commented on SAIC. 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 research note on Friday, December 6th. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. 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. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a report on Tuesday. Finally, 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 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $136.11.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $100.79 on Wednesday. Science Applications International has a 12-month low of $95.86 and a 12-month high of $156.34. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.00 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. The firm has a 50 day moving average of $109.35 and a 200 day moving average of $125.02.

Science Applications International Dividend Announcement

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

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. 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 on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SAIC. Formidable Asset Management LLC purchased a new stake in Science Applications International during the fourth quarter valued at $423,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Science Applications International during the 4th quarter valued at about $2,023,000. CSS LLC IL bought a new position in shares of Science Applications International in the 4th quarter valued at about $437,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Science Applications International by 12.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,388 shares of the information technology services provider’s stock worth $15,916,000 after acquiring an additional 15,436 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Science Applications International during the fourth quarter worth approximately $4,992,000. 76.00% of the stock is currently owned by institutional investors.

About Science Applications International

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.