Science Applications International (NYSE:SAIC) Price Target Cut to $149.00 by Analysts at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its price objective cut by Wells Fargo & Company from $154.00 to $149.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $120.00 in a report on Wednesday. Citigroup boosted 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 note on Thursday, October 10th. Barclays boosted their price objective on shares of 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. The Goldman Sachs Group reduced 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 report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average target price of $139.38.

Science Applications International Price Performance

SAIC stock opened at $113.76 on Wednesday. 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 has a 12 month low of $108.90 and a 12 month high of $156.34. The stock has a market cap of $5.56 billion, a PE ratio of 19.18 and a beta of 0.66. The company has a 50-day moving average price of $123.38 and a 200 day moving average price of $127.78.

Science Applications International Announces Dividend

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

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price 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 in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oddo BHF Asset Management Sas acquired a new stake in Science Applications International during the third quarter worth about $1,713,000. Tidal Investments LLC purchased a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $200,000. TD Private Client Wealth LLC raised its position in shares of Science Applications International by 53.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider’s stock valued at $212,000 after buying an additional 532 shares during the period. Arete Wealth Advisors LLC lifted its holdings in Science Applications International by 42.0% in the third quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider’s stock valued at $1,063,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Science Applications International in the third quarter worth approximately $249,000. 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.