Wells Fargo & Company Lowers Science Applications International (NYSE:SAIC) Price Target to $149.00

Science Applications International (NYSE:SAIC - Free Report) had its price objective decreased by Wells Fargo & Company from $154.00 to $149.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider's stock.

A number of other equities analysts also recently commented on SAIC. UBS Group began coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 target price for the company. Citigroup increased their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday. Finally, Barclays upped their target price 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Science Applications International currently has an average rating of "Hold" and an average price target of $139.38.

Science Applications International Stock Down 0.2 %

Shares of NYSE SAIC traded down $0.19 during midday trading on Wednesday, reaching $113.76. 545,688 shares of the company's stock traded hands, compared to its average volume of 416,138. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 19.18 and a beta of 0.66. Science Applications International has a one year low of $108.90 and a one year 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 stock's 50 day simple moving average is $124.03 and its 200-day simple moving average is $127.88.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's payout ratio is 24.96%.

Insider Activity

In other news, EVP Barbara Supplee purchased 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in 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 buying an additional 171 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Science Applications International by 236.0% during the third 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. Quarry LP acquired a new position in Science Applications International in the 3rd quarter valued at $71,000. Sunbelt Securities Inc. purchased a new position in Science Applications International in the 2nd quarter valued at $78,000. Finally, Sound Income Strategies LLC acquired a new stake in Science Applications International during the 3rd quarter worth $121,000. 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.