Science Applications International (NYSE:SAIC) Upgraded by Cantor Fitzgerald to Hold Rating

Cantor Fitzgerald upgraded shares of Science Applications International (NYSE:SAIC - Free Report) to a hold rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. UBS Group began coverage on Science Applications International in a report on Monday, December 2nd. They set a "neutral" rating and a $134.00 target price on the stock. The Goldman Sachs Group dropped their price objective on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. TD Cowen downgraded Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Citigroup lifted their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $137.22.

Science Applications International Price Performance

Shares of SAIC stock traded down $1.17 during mid-day trading on Thursday, reaching $103.93. The stock had a trading volume of 562,848 shares, compared to its average volume of 577,223. Science Applications International has a 12-month low of $102.75 and a 12-month high of $156.34. The company has a market cap of $5.08 billion, a P/E ratio of 17.53 and a beta of 0.66. The business has a 50-day simple moving average of $112.58 and a 200 day simple moving average of $126.65. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. Science Applications International's dividend payout ratio (DPR) is presently 24.96%.

Insiders Place Their Bets

In other news, EVP Barbara Supplee acquired 425 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value 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. 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 available through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction 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 sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents 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 insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. UMB Bank n.a. grew its stake in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International during the 4th quarter worth about $28,000. GAMMA Investing LLC boosted its stake in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 203 shares in the last quarter. Quarry LP bought a new stake in shares of Science Applications International during the 3rd quarter worth about $71,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after acquiring an additional 156 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.