Science Applications International (NYSE:SAIC) Rating Increased to Strong-Buy at TD Cowen

Science Applications International (NYSE:SAIC) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

SAIC has been the topic of several other research reports. JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Citigroup boosted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays raised their price target 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. Finally, UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $111.42 on Thursday. The business’s 50-day simple moving average is $132.15 and its 200-day simple moving average is $128.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a 52 week low of $108.90 and a 52 week high of $156.34. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 18.79 and a beta of 0.64.

Insider Buying and Selling

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This represents a 13.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Science Applications International by 4.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider’s stock worth $485,000 after buying an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Science Applications International during the second quarter valued at $201,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Science Applications International in the 2nd quarter valued at $266,000. Raymond James & Associates grew its holdings in shares of Science Applications International by 8.3% in the 2nd quarter. Raymond James & Associates now owns 73,275 shares of the information technology services provider’s stock worth $8,613,000 after purchasing an additional 5,603 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Science Applications International by 30.4% during the 2nd 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 in the last quarter. 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.