Science Applications International (NYSE:SAIC) Downgraded to “Hold” Rating by TD Cowen

TD Cowen downgraded shares of Science Applications International (NYSE:SAIC) from a buy rating to a hold rating in a report issued on Wednesday morning, Marketbeat reports. They currently have $120.00 price objective on the information technology services provider’s stock, down from their prior price objective of $155.00.

A number of other research analysts also recently issued reports on the stock. UBS Group initiated coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Citigroup boosted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Finally, 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 report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $139.38.

Science Applications International Stock Performance

Shares of SAIC opened at $113.76 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19.18 and a beta of 0.66. The company’s 50 day simple moving average is $123.38 and its 200 day simple moving average is $127.78. Science Applications International has a 1 year low of $108.90 and a 1 year high of $156.34.

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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Buying and Selling

In other news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

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