Cantor Fitzgerald Upgrades Science Applications International (NYSE:SAIC) to “Hold”

Cantor Fitzgerald upgraded shares of Science Applications International (NYSE:SAIC) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports. Cantor Fitzgerald also issued estimates for Science Applications International’s FY2025 earnings at $6.44 EPS.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group cut their target price on shares of 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 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 target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. UBS Group initiated 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. Finally, TD Cowen cut shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International has a consensus rating of “Hold” and an average target price of $136.11.

Science Applications International Trading Down 0.2 %

Shares of NYSE SAIC opened at $100.56 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.92 billion, a PE ratio of 16.96 and a beta of 0.66. Science Applications International has a twelve month low of $95.86 and a twelve month high of $156.34. The stock has a fifty day simple moving average of $109.16 and a 200-day simple moving average of $124.85.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.47%. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Activity at Science Applications International

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

Institutional Trading of Science Applications International

Hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after purchasing an additional 464,989 shares during the period. State Street Corp increased 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 buying an additional 15,166 shares during the period. First Trust Advisors LP increased its stake in Science Applications International by 0.3% in the 4th quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after buying an additional 3,078 shares during the period. Geode Capital Management LLC raised its position in Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after buying an additional 18,102 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Science Applications International in the 4th quarter worth $63,572,000. 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.