Science Applications International (NYSE:SAIC) Rating Lowered to "Hold" at TD Cowen

Science Applications International (NYSE:SAIC - Get Free Report) was downgraded by analysts at TD Cowen from a "buy" rating to a "hold" rating in a research report issued on Wednesday, Marketbeat reports. They presently have a $120.00 price objective on the information technology services provider's stock, down from their previous price objective of $155.00. TD Cowen's target price would indicate a potential upside of 5.49% from the stock's current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock 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 issued a "neutral" rating and a $134.00 target price for the company. StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company lifted their price target on shares of Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and an average target price of $139.38.

Science Applications International Stock Performance

SAIC stock traded down $0.19 during midday trading on Wednesday, hitting $113.76. 545,688 shares of the company traded hands, compared to its average volume of 416,138. The stock 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 has a twelve month low of $108.90 and a twelve month high of $156.34. 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 business has a 50 day simple moving average of $123.38 and a 200-day simple moving average of $127.78.

Insider Buying and Selling

In other news, EVP Barbara Supplee bought 425 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in shares of Science Applications International by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider's stock valued at $1,700,000 after purchasing an additional 152 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Science Applications International by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 45,836 shares of the information technology services provider's stock valued at $5,388,000 after acquiring an additional 271 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Science Applications International by 1.4% during the second quarter. Daiwa Securities Group Inc. now owns 32,652 shares of the information technology services provider's stock worth $3,838,000 after purchasing an additional 454 shares during the period. AGF Management Ltd. raised its holdings in Science Applications International by 4.8% in the 2nd quarter. AGF Management Ltd. now owns 17,170 shares of the information technology services provider's stock valued at $2,018,000 after acquiring an additional 790 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its position in Science Applications International by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 46,597 shares of the information technology services provider's stock worth $5,395,000 after purchasing an additional 3,196 shares during the period. 76.00% of the stock is owned by institutional investors.

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.