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 target cut by Wells Fargo & Company from $154.00 to $149.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Several other equities research analysts have also recently commented on the stock. UBS Group began coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock. TD Cowen lowered shares of 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 note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of 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. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.38.

Science Applications International Trading Up 2.1 %

SAIC opened at $116.14 on Wednesday. The stock has a market capitalization of $5.68 billion, a P/E ratio of 19.59 and a beta of 0.66. Science Applications International has a 12 month low of $108.90 and a 12 month high of $156.34. The firm’s fifty day simple moving average is $122.20 and its 200 day simple moving average is $127.68. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Activity at Science Applications International

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 approximately $416,452.44. This trade represents a 13.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIC. UMB Bank n.a. grew its holdings in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 during the last quarter. Quarry LP bought a new stake in shares of Science Applications International during the third quarter worth about $71,000. Sunbelt Securities Inc. bought a new stake in Science Applications International in the second quarter valued at approximately $78,000. Finally, Sound Income Strategies LLC bought a new stake in Science Applications International in the third quarter valued at approximately $121,000. Institutional investors own 76.00% of the company’s stock.

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.