Wells Fargo & Company Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its target price decreased by stock analysts at Wells Fargo & Company from $154.00 to $149.00 in a report issued 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 suggests a potential upside of 30.98% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Citigroup raised their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Barclays raised their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Finally, UBS Group started coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $139.38.

Science Applications International Stock Down 0.2 %

SAIC stock opened at $113.76 on Wednesday. The stock has a market capitalization of $5.56 billion, a PE ratio of 19.18 and a beta of 0.66. Science Applications International has a 52 week low of $108.90 and a 52 week high of $156.34. 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 firm has a 50 day moving average of $122.77 and a 200 day moving average of $127.69.

Insider Activity at Science Applications International

In other news, EVP Barbara Supplee purchased 425 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several hedge funds have recently modified their holdings of SAIC. State Street Corp grew its stake in Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after acquiring an additional 15,166 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after purchasing an additional 56,414 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Science Applications International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after purchasing an additional 6,780 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after purchasing an additional 28,304 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.