Science Applications International (NYSE:SAIC) Price Target Lowered to $103.00 at The Goldman Sachs Group

Science Applications International (NYSE:SAIC) had its target price lowered by The Goldman Sachs Group from $124.00 to $103.00 in a report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the information technology services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Truist Financial raised their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Science Applications International has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

Science Applications International Stock Up 0.0 %

Shares of Science Applications International stock opened at $113.51 on Thursday. The stock’s 50-day moving average is $136.53 and its 200 day moving average is $128.97. Science Applications International has a one year low of $111.34 and a one year high of $156.34. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 19.14 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s payout ratio is presently 24.96%.

Insider Buying and Selling

In related news, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC purchased a new position in shares of Science Applications International in the 2nd quarter worth approximately $27,000. UMB Bank n.a. lifted its holdings in Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC boosted its position in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp grew its stake in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the period. Finally, CWM LLC grew its stake in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 147 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.