Science Applications International (NYSE:SAIC) Raised to "Strong-Buy" at TD Cowen

Science Applications International (NYSE:SAIC - Get Free Report) was upgraded by stock analysts at TD Cowen to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

SAIC has been the topic of several other reports. 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 price target on the stock. Barclays increased their target price on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a report on Monday, September 16th. JPMorgan Chase & Co. cut 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. Truist Financial increased their price objective on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Science Applications International currently has an average rating of "Moderate Buy" and an average price target of $144.38.

Science Applications International Price Performance

NYSE SAIC traded up $1.31 during trading hours on Thursday, reaching $111.42. The company's stock had a trading volume of 1,878,095 shares, compared to its average volume of 339,433. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company's 50-day moving average is $132.15 and its two-hundred day moving average is $128.05. Science Applications International has a fifty-two week low of $108.90 and a fifty-two week high of $156.34. The stock has a market cap of $5.45 billion, a PE ratio of 18.79 and a beta of 0.64.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the business's stock in a transaction on 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 completion of the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in Science Applications International during the second quarter valued at about $27,000. UMB Bank n.a. grew its holdings in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC increased its position in 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 purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp raised its holdings in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock valued at $42,000 after buying an additional 84 shares during the period. Finally, Quarry LP acquired a new position in Science Applications International during the third quarter valued at approximately $71,000. 76.00% of the stock is currently 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.