Wells Fargo & Company Cuts Science Applications International (NYSE:SAIC) Price Target to $139.00

Science Applications International (NYSE:SAIC) had its price target cut by analysts at Wells Fargo & Company from $149.00 to $139.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 38.55% from the company’s previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on 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. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research report on Tuesday. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average price target of $136.11.

Science Applications International Stock Down 0.3 %

SAIC stock opened at $100.33 on Wednesday. The business’s fifty day moving average price is $109.56 and its two-hundred day moving average price is $125.19. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 16.92 and a beta of 0.66. Science Applications International has a fifty-two week low of $95.86 and a fifty-two week 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.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on 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 of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAIC. Xponance Inc. boosted its position in shares of Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after acquiring an additional 99 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after purchasing an additional 100 shares in the last quarter. Mariner LLC boosted its holdings in Science Applications International by 2.8% in the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock valued at $433,000 after purchasing an additional 106 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after purchasing an additional 142 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. Institutional investors own 76.00% of the company’s stock.

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.