Science Applications International (NYSE:SAIC) Coverage Initiated by Analysts at Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald initiated coverage on shares of Science Applications International (NYSE:SAIC) in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $120.00 price target on the information technology services provider’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 13.04% from the stock’s current price.

Several other research firms also recently issued reports on SAIC. 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. TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. UBS Group began coverage on Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company dropped their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Science Applications International has a consensus rating of “Hold” and an average price target of $137.22.

Science Applications International Stock Performance

Science Applications International stock opened at $106.16 on Friday. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 17.90 and a beta of 0.66. Science Applications International has a 12 month low of $103.90 and a 12 month high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50-day moving average is $114.03 and its 200-day moving average is $127.09.

Insider Activity at Science Applications International

In other news, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAIC. Edgestream Partners L.P. acquired a new stake in Science Applications International during the fourth quarter worth about $2,484,000. Inceptionr LLC grew its holdings in shares of Science Applications International by 75.4% during the fourth quarter. Inceptionr LLC now owns 16,743 shares of the information technology services provider’s stock valued at $1,872,000 after purchasing an additional 7,199 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $10,038,000. Dana Investment Advisors Inc. lifted its holdings in shares of Science Applications International by 4.8% in the 4th quarter. Dana Investment Advisors Inc. now owns 33,084 shares of the information technology services provider’s stock worth $3,698,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Science Applications International in the 4th quarter worth approximately $485,000. 76.00% of the stock is currently owned by 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.