The Goldman Sachs Group Lowers Science Applications International (NYSE:SAIC) Price Target to $103.00

Science Applications International (NYSE:SAIC) had its target price reduced by investment analysts at The Goldman Sachs Group from $124.00 to $103.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sell” rating on the information technology services provider’s stock. The Goldman Sachs Group’s price target would indicate a potential downside of 8.90% from the stock’s previous close.

A number of other equities analysts have also commented on SAIC. TD Cowen boosted their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. decreased their price target 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. Citigroup upped their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Truist Financial upped their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Stock Performance

Shares of SAIC stock opened at $113.06 on Thursday. Science Applications International has a 12 month low of $111.34 and a 12 month high of $156.34. 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 firm has a market capitalization of $5.53 billion, a P/E ratio of 19.31 and a beta of 0.64. The company’s fifty day moving average price is $135.92 and its two-hundred day moving average price is $128.86.

Insider Activity at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently made changes to their positions in SAIC. UMB Bank n.a. grew its holdings in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after buying an additional 171 shares in the last quarter. Larson Financial Group LLC acquired a new position in Science Applications International during the 2nd quarter worth $27,000. GAMMA Investing LLC grew its stake in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the period. Finally, CWM LLC increased its holdings in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.