Science Applications International (NYSE:SAIC) Stock Rating Upgraded by Cantor Fitzgerald

Science Applications International (NYSE:SAIC) was upgraded by research analysts at Cantor Fitzgerald to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. UBS Group initiated coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. Citigroup increased their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group reduced their price objective on 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. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $137.22.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $105.57 on Thursday. Science Applications International has a 1-year low of $103.90 and a 1-year high of $156.34. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 17.80 and a beta of 0.66. 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 stock’s 50-day moving average is $113.69 and its two-hundred day moving average is $126.95.

Insiders Place Their Bets

In other news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after buying an additional 87 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Science Applications International by 236.0% in the 3rd 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 during the last quarter. UMB Bank n.a. boosted its position in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Inspire Investing LLC bought a new position in Science Applications International during the 3rd quarter worth $884,000. Finally, Sound Income Strategies LLC bought a new stake in Science Applications International in the third quarter valued at $121,000. Institutional investors 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.