Science Applications International (NYSE:SAIC) Price Target Cut to $139.00 by Analysts at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its target price decreased by Wells Fargo & Company from $149.00 to $139.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

SAIC has been the subject of a number of other reports. 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. UBS Group started coverage on shares of Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price for the company. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lowered their price objective 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. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $136.11.

Science Applications International Stock Performance

Science Applications International stock opened at $100.79 on Wednesday. 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 $4.93 billion, a P/E ratio of 17.00 and a beta of 0.66. Science Applications International has a 1-year low of $95.86 and a 1-year high of $156.34. The company’s 50-day moving average is $109.35 and its 200 day moving average is $125.02.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is 24.96%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Science Applications International

Large investors have recently made changes to their positions in the business. Xponance Inc. grew its stake in Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock worth $768,000 after buying an additional 99 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after acquiring an additional 100 shares in the last quarter. Mariner LLC increased its holdings in shares of Science Applications International by 2.8% during the fourth quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock valued at $433,000 after acquiring an additional 106 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after purchasing an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Science Applications International by 32.3% in the 4th 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 in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.