Science Applications International (NYSE:SAIC) Rating Increased to Hold at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Science Applications International (NYSE:SAIC - Free Report) to a hold rating in a report released on Tuesday,Zacks.com reports. Cantor Fitzgerald also issued estimates for Science Applications International's FY2025 earnings at $6.44 EPS.

SAIC has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped 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 Science Applications International in a report on Monday, December 2nd. They set a "neutral" rating and a $134.00 target price for the company. The Goldman Sachs Group decreased their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a report on Thursday, December 12th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company decreased their target price on Science Applications International from $154.00 to $149.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. 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 issued a strong buy rating to the company's stock. According to MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average target price of $136.11.

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Science Applications International Stock Down 1.8 %

Science Applications International stock traded down $1.77 during midday trading on Tuesday, reaching $98.79. The company's stock had a trading volume of 925,698 shares, compared to its average volume of 633,895. Science Applications International has a 52-week low of $95.59 and a 52-week high of $156.34. The stock has a market capitalization of $4.83 billion, a P/E ratio of 16.66 and a beta of 0.66. 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 stock's 50-day simple moving average is $108.91 and its 200-day simple moving average is $124.69.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, January 10th. Science Applications International's payout ratio is presently 24.96%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now directly 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. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Science Applications International during the 4th quarter worth approximately $3,382,000. Jefferies Financial Group Inc. purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $1,706,000. Formidable Asset Management LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $423,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $2,023,000. Finally, CSS LLC IL purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $437,000. 76.00% of the stock is owned by institutional investors and hedge funds.

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.