Science Applications International (NYSE:SAIC) Rating Lowered to Hold at TD Cowen

Science Applications International (NYSE:SAIC) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They presently have a $120.00 price objective on the information technology services provider’s stock, down from their previous price objective of $155.00. TD Cowen’s target price points to a potential upside of 5.49% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Barclays raised their target price on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. reduced their price target 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. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Citigroup upped their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average target price of $139.38.

Science Applications International Stock Down 0.2 %

Shares of Science Applications International stock opened at $113.76 on Wednesday. The company’s fifty day simple moving average is $122.77 and its two-hundred day simple moving average is $127.69. Science Applications International has a 12-month low of $108.90 and a 12-month high of $156.34. 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 cap of $5.56 billion, a P/E ratio of 19.18 and a beta of 0.66.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently bought and sold shares of the business. Oddo BHF Asset Management Sas purchased a new stake in shares of Science Applications International during the 3rd quarter valued at about $1,713,000. Tidal Investments LLC bought a new position in Science Applications International during the third quarter valued at approximately $200,000. TD Private Client Wealth LLC boosted its holdings in Science Applications International by 53.6% in the third quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider’s stock worth $212,000 after purchasing an additional 532 shares during the last quarter. Arete Wealth Advisors LLC grew its position in Science Applications International by 42.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider’s stock worth $1,063,000 after purchasing an additional 2,260 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in Science Applications International during the 3rd quarter valued at $249,000. 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.