TD Cowen Upgrades Science Applications International (NYSE:SAIC) to “Strong-Buy”

Science Applications International (NYSE:SAIC) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on SAIC. Truist Financial raised their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. The Goldman Sachs Group cut their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barclays lifted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. 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 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.38.

Science Applications International Price Performance

SAIC opened at $111.42 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $132.15 and its 200 day moving average price is $128.05. Science Applications International has a fifty-two week low of $108.90 and a fifty-two week high of $156.34. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 18.79 and a beta of 0.64.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in shares of Science Applications International in the second quarter worth approximately $27,000. UMB Bank n.a. increased its stake in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 171 shares during the period. GAMMA Investing LLC lifted its position in Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares in the last quarter. Fifth Third Bancorp boosted its stake 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 buying an additional 84 shares during the period. Finally, Quarry LP purchased a new position in shares of Science Applications International during the 3rd quarter valued at $71,000. 76.00% of the stock is owned by institutional investors and hedge funds.

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.