TD Cowen Downgrades Science Applications International (NYSE:SAIC) to Hold

Science Applications International (NYSE:SAIC) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a $120.00 target price on the information technology services provider’s stock, down from their prior target price of $155.00. TD Cowen’s price target indicates a potential upside of 5.49% from the company’s current price.

Several other equities research analysts have also commented on the company. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. Wells Fargo & Company upped their price target on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on 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 shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group lowered their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.38.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $113.76 on Wednesday. Science Applications International has a 12-month low of $108.90 and a 12-month high of $156.34. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19.18 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $122.77 and a 200 day moving average of $127.69.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in Science Applications International by 36,732.4% during the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after acquiring an additional 56,414 shares during the last quarter. Van ECK Associates Corp grew its position in Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after acquiring an additional 44,990 shares in the last quarter. American Century Companies Inc. increased its stake in Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after acquiring an additional 28,304 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after purchasing an additional 27,664 shares during the period. 76.00% of the stock is currently owned by institutional investors.

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.