Science Applications International (NYSE:SAIC) Price Target Lowered to $149.00 at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its price objective reduced by Wells Fargo & Company from $154.00 to $149.00 in a research note released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

Several other equities research analysts also recently issued reports on the company. Citigroup boosted their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target 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. UBS Group started coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $139.38.

Science Applications International Stock Performance

NYSE:SAIC opened at $113.76 on Wednesday. Science Applications International has a fifty-two week low of $108.90 and a fifty-two week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day moving average price of $123.38 and a 200 day moving average price of $127.78. The stock has a market capitalization of $5.56 billion, a P/E ratio of 19.18 and a beta of 0.66.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction dated 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 transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently bought and sold shares of SAIC. International Assets Investment Management LLC boosted its holdings in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after acquiring an additional 245,005 shares during the period. Dimensional Fund Advisors LP boosted its stake in Science Applications International by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after purchasing an additional 56,414 shares during the period. Van ECK Associates Corp grew its position in Science Applications International by 21.9% during the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the last quarter. American Century Companies Inc. increased its stake in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Science Applications International by 9.7% in the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after buying an additional 27,664 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.