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

Equities research analysts at Cantor Fitzgerald started coverage on shares of Science Applications International (NYSE:SAIC - Get Free Report) in a research note issued on Friday, Marketbeat.com reports. The firm set a "neutral" rating and a $120.00 price target on the information technology services provider's stock. Cantor Fitzgerald's price target suggests a potential upside of 14.06% from the stock's previous close.

SAIC has been the subject of a number of other research reports. The Goldman Sachs Group reduced their price target on 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. Wells Fargo & Company decreased their price target on Science Applications International from $154.00 to $149.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Citigroup boosted their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, UBS Group assumed 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $137.22.

Science Applications International Stock Performance

SAIC stock traded down $0.43 during mid-day trading on Friday, reaching $105.21. The company had a trading volume of 360,609 shares, compared to its average volume of 563,391. Science Applications International has a one year low of $102.75 and a one year high of $156.34. The stock has a market capitalization of $5.14 billion, a P/E ratio of 17.70 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock's 50-day simple moving average is $112.94 and its two-hundred day simple moving average is $126.77.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the firm's 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 sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company's stock.

Institutional Trading of Science Applications International

Hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Science Applications International by 1.0% in the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock valued at $219,734,000 after buying an additional 15,166 shares during the period. Geode Capital Management LLC grew its holdings in shares of Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock worth $137,227,000 after purchasing an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Science Applications International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 523,326 shares of the information technology services provider's stock worth $58,497,000 after purchasing an additional 31,374 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock valued at $72,269,000 after purchasing an additional 6,780 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its stake in shares of Science Applications International by 0.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 406,695 shares of the information technology services provider's stock valued at $45,460,000 after purchasing an additional 3,730 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

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.