Science Applications International (NYSE:SAIC) Price Target Cut to $139.00 by Analysts at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its price objective cut by equities research analysts at Wells Fargo & Company from $149.00 to $139.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 38.23% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. UBS Group assumed coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. The Goldman Sachs Group reduced their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and a consensus target price of $136.11.

Science Applications International Stock Down 0.2 %

SAIC stock opened at $100.56 on Wednesday. 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 has a market capitalization of $4.92 billion, a P/E ratio of 16.96 and a beta of 0.66. The business has a 50-day moving average of $109.16 and a 200-day moving average of $124.85. Science Applications International has a fifty-two week low of $95.86 and a fifty-two week high of $156.34.

Insider Buying and Selling at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after purchasing an additional 464,989 shares during the period. State Street Corp increased its stake in shares of Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock worth $219,734,000 after purchasing an additional 15,166 shares during the period. First Trust Advisors LP increased its stake in shares of Science Applications International by 0.3% during the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock worth $136,163,000 after purchasing an additional 3,078 shares during the period. Geode Capital Management LLC increased its stake in shares of Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after purchasing an additional 18,102 shares during the period. Finally, Norges Bank bought a new position in shares of Science Applications International during the fourth quarter worth approximately $63,572,000. 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.