The Goldman Sachs Group Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its target price dropped by analysts at The Goldman Sachs Group from $124.00 to $103.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the information technology services provider’s stock. The Goldman Sachs Group’s target price points to a potential downside of 8.90% from the company’s previous close.

Other equities analysts have also issued research reports about the company. TD Cowen raised their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Truist Financial raised their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Monday, December 9th. Citigroup raised their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, UBS Group assumed coverage on shares of Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

Science Applications International Stock Performance

Shares of SAIC stock opened at $113.06 on Thursday. The stock’s 50-day moving average is $135.92 and its two-hundred day moving average is $128.86. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 19.31 and a beta of 0.64. Science Applications International has a 1 year low of $111.34 and a 1 year 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.

Insiders Place Their Bets

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is owned by corporate insiders.

Institutional Trading of Science Applications International

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new stake in shares of Science Applications International during the 2nd quarter valued at $27,000. UMB Bank n.a. lifted its holdings in shares of Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares in the last quarter. 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.