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

TD Cowen lowered shares of Science Applications International (NYSE:SAIC) from a buy rating to a hold rating in a research note published on Wednesday, Marketbeat.com reports. They currently have $120.00 price target on the information technology services provider’s stock, down from their previous price target of $155.00.

Several other research firms have also recently commented on SAIC. Barclays raised their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. StockNews.com upgraded 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 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 report on Thursday, December 12th. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. Finally, JPMorgan Chase & Co. dropped 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. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $139.38.

Science Applications International Stock Performance

NYSE:SAIC opened at $113.76 on Wednesday. The company’s 50-day moving average is $123.38 and its two-hundred day moving average is $127.78. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International has a 1-year low of $108.90 and a 1-year high of $156.34. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19.18 and a beta of 0.66.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, January 10th. Science Applications International’s payout ratio is 24.96%.

Insider Activity

In other news, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in Science Applications International by 30,868.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after purchasing an additional 4,939 shares during the last quarter. Seizert Capital Partners LLC lifted its holdings in shares of Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after purchasing an additional 10,326 shares in the last quarter. Van ECK Associates Corp raised its stake in Science Applications International by 21.9% during the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the period. Cassaday & Co Wealth Management LLC increased its position in shares of Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after acquiring an additional 4,796 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Science Applications International by 36,732.4% during 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 in the last quarter. 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.