Science Applications International (SAIC) – Investment Analysts’ Recent Ratings Changes

Posted by Donald Scott on Dec 27th, 2024

Science Applications International (NYSE: SAIC) has recently received a number of price target changes and ratings updates:

12/19/2024 – Science Applications International was upgraded by analysts at TD Cowen to a “strong-buy” rating.
12/18/2024 – Science Applications International was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
12/12/2024 – Science Applications International had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $124.00 to $103.00. They now have a “sell” rating on the stock.
12/9/2024 – Science Applications International was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
12/6/2024 – Science Applications International had its price target lowered by analysts at JPMorgan Chase & Co. from $170.00 to $148.00. They now have an “overweight” rating on the stock.
12/5/2024 – Science Applications International had its price target raised by analysts at Wells Fargo & Company from $147.00 to $154.00. They now have an “overweight” rating on the stock.
12/2/2024 – Science Applications International is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $134.00 price target on the stock.
11/26/2024 – Science Applications International was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $147.00 price target on the stock, down previously from $157.00.

Science Applications International Stock Performance

Shares of NYSE:SAIC traded up $0.15 during midday trading on Friday, reaching $111.81. The company had a trading volume of 11,009 shares, compared to its average volume of 337,501. Science Applications International Co. has a 52-week low of $108.90 and a 52-week high of $156.34. The company’s 50 day moving average price is $129.31 and its 200 day moving average price is $127.89. 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 stock has a market cap of $5.47 billion, a P/E ratio of 18.85 and a beta of 0.65.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of Science Applications International

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. Larson Financial Group LLC purchased a new position in Science Applications International in the 2nd quarter valued at approximately $27,000. UMB Bank n.a. grew its position in shares of Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the period. Quarry LP bought a new stake in shares of Science Applications International during the 3rd quarter valued at $71,000. Finally, International Assets Investment Management LLC purchased a new stake in Science Applications International during the 2nd quarter worth about $78,000. Institutional investors own 76.00% of the company’s stock.

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.