Science Applications International (NYSE:SAIC) Coverage Initiated at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Science Applications International (NYSE:SAIC) in a report released on Friday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $120.00 price target on the information technology services provider’s stock. Cantor Fitzgerald’s target price points to a potential upside of 13.04% from the stock’s previous close.

A number of other brokerages have also issued reports on SAIC. Citigroup boosted their price target 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. UBS Group assumed coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price for the company. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $137.22.

Science Applications International Stock Performance

SAIC opened at $106.16 on Friday. Science Applications International has a twelve month low of $103.90 and a twelve month high of $156.34. The stock has a market cap of $5.19 billion, a PE ratio of 17.90 and a beta of 0.66. The business’s 50 day moving average is $114.03 and its 200-day moving average is $127.09. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Insider Activity

In other news, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction dated 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 owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after buying an additional 4,939 shares during the period. Seizert Capital Partners LLC increased its holdings in shares of Science Applications International by 36.3% in the 3rd 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 during the period. Van ECK Associates Corp lifted its position 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 worth $36,070,000 after purchasing an additional 44,990 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Science Applications International during the fourth quarter worth approximately $312,000. Finally, Pure Financial Advisors LLC grew its position in Science Applications International by 19.0% during the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after purchasing an additional 2,946 shares in the last quarter. Hedge funds and other 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.