Science Applications International (NYSE:SAIC) Upgraded by TD Cowen to Strong-Buy Rating

TD Cowen upgraded shares of Science Applications International (NYSE:SAIC) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

SAIC has been the topic of several other research reports. The Goldman Sachs Group dropped their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target 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. Finally, Barclays lifted their price target on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Stock Down 0.9 %

Shares of NYSE:SAIC opened at $110.11 on Thursday. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 18.57 and a beta of 0.64. Science Applications International has a 12-month low of $108.90 and a 12-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’s 50 day moving average is $132.81 and its 200 day moving average is $128.10.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.34%. Science Applications International’s dividend payout ratio (DPR) is 24.96%.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in Science Applications International in the 2nd quarter valued at about $27,000. UMB Bank n.a. grew its stake in Science Applications International by 438.5% in 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 grew its position in 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 valued at $40,000 after acquiring an additional 203 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of 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 worth $42,000 after purchasing an additional 84 shares during the last quarter. Finally, Quarry LP purchased a new position in Science Applications International during the 3rd quarter valued at about $71,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.