Science Applications International (NYSE:SAIC) Price Target Cut to $149.00 by Analysts at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its target price decreased by research analysts at Wells Fargo & Company from $154.00 to $149.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 30.98% from the stock’s previous close.

SAIC has been the topic of several other reports. JPMorgan Chase & Co. decreased their price target 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. UBS Group started coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price on the stock. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $120.00 in a research report on Wednesday. Citigroup lifted their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Barclays upped their target price 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $139.38.

Science Applications International Stock Down 0.2 %

NYSE SAIC opened at $113.76 on Wednesday. Science Applications International has a one year low of $108.90 and a one year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The business has a fifty day moving average price of $122.77 and a 200 day moving average price of $127.69. The company has a market cap of $5.56 billion, a P/E ratio of 19.18 and a beta of 0.66.

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently made changes to their positions in SAIC. International Assets Investment Management LLC increased its holdings in Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares during the period. Van ECK Associates Corp grew its stake in shares of Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after buying an additional 44,990 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Science Applications International by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after buying an additional 28,304 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Science Applications International by 9.7% during the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after acquiring an additional 27,664 shares in the last quarter. 76.00% of the stock is 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.