TD Cowen Upgrades Science Applications International (NYSE:SAIC) to “Strong-Buy”

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

Several other brokerages have also weighed in on SAIC. Truist Financial upped their price objective on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. Citigroup raised their price objective on shares of 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 upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday. UBS Group initiated coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price for the company. Finally, The Goldman Sachs Group dropped their price target on 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Price Performance

NYSE SAIC opened at $110.11 on Thursday. 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 $5.38 billion, a PE ratio of 18.57 and a beta of 0.64. The company’s 50 day simple moving average is $132.81 and its 200 day simple moving average is $128.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Insider Activity

In related news, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in shares of Science Applications International by 30,868.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after buying an additional 4,939 shares during the period. Seizert Capital Partners LLC boosted its position in Science Applications International by 36.3% during the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after purchasing an additional 10,326 shares during the last quarter. Van ECK Associates Corp grew its stake 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 valued at $36,070,000 after purchasing an additional 44,990 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in Science Applications International by 59.7% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after purchasing an additional 4,796 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Science Applications International by 36,732.4% during the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after purchasing an additional 245,005 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.