Science Applications International (NYSE:SAIC) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Science Applications International (NYSE:SAIC) in a research report report published on Friday, MarketBeat Ratings reports. The firm issued a neutral rating and a $120.00 price target on the information technology services provider’s stock.

Several other research analysts have also commented on the company. UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target for the company. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Science Applications International presently has an average rating of “Hold” and an average target price of $137.22.

Science Applications International Price Performance

Shares of SAIC opened at $105.57 on Friday. The stock has a market capitalization of $5.16 billion, a PE ratio of 13.25 and a beta of 0.66. The company has a 50 day moving average price of $113.69 and a 200-day moving average price of $126.95. 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 fifty-two week low of $103.90 and a fifty-two week high of $156.34.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.40%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $116.36 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Science Applications International

Large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its stake in Science Applications International by 3.3% in the 4th quarter. HighTower Advisors LLC now owns 41,153 shares of the information technology services provider’s stock valued at $4,600,000 after purchasing an additional 1,297 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Science Applications International by 116.3% in the fourth quarter. AlphaQuest LLC now owns 3,979 shares of the information technology services provider’s stock worth $445,000 after buying an additional 2,139 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Science Applications International during the fourth quarter worth about $2,484,000. Inceptionr LLC grew its stake in Science Applications International by 75.4% during the 4th quarter. Inceptionr LLC now owns 16,743 shares of the information technology services provider’s stock valued at $1,872,000 after acquiring an additional 7,199 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Science Applications International in the 4th quarter valued at about $10,038,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.