Science Applications International (NYSE:SAIC) Rating Increased to Hold at Cantor Fitzgerald

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

SAIC has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report 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. Wells Fargo & Company dropped 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. Citigroup lifted 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. Finally, The Goldman Sachs Group reduced 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 report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $137.22.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $105.57 on Thursday. The stock’s 50 day moving average price is $113.69 and its 200 day moving average price is $126.95. 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 has a market cap of $5.16 billion, a price-to-earnings ratio of 17.80 and a beta of 0.66. Science Applications International has a 12 month low of $103.90 and a 12 month high of $156.34.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction 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 trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction 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 completion of the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Several hedge funds have recently added to or reduced their stakes in SAIC. UMB Bank n.a. boosted its stake in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Cornerstone Planning Group LLC bought a new stake in Science Applications International in the fourth quarter valued at about $28,000. GAMMA Investing LLC grew its position in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the period. Quarry LP bought a new position in Science Applications International during the 3rd quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp raised its holdings in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. Institutional investors 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.