StockNews.com Begins Coverage on Science Applications International (NYSE:SAIC)

StockNews.com assumed coverage on shares of Science Applications International (NYSE:SAIC – Get Rating) in a research report released on Thursday. The brokerage issued a buy rating on the information technology services provider’s stock.

A number of other brokerages have also recently issued reports on SAIC. Wells Fargo & Company increased their price objective on Science Applications International from $99.00 to $121.00 in a report on Tuesday, December 6th. The Goldman Sachs Group raised their price target on Science Applications International from $83.00 to $94.00 and gave the company a sell rating in a report on Tuesday, December 6th. Citigroup assumed coverage on Science Applications International in a report on Thursday, December 8th. They issued a buy rating and a $141.00 price target on the stock. Jefferies Financial Group cut Science Applications International from a buy rating to a hold rating and set a $110.00 price target on the stock. in a report on Thursday, November 17th. Finally, Truist Financial raised their price target on Science Applications International from $105.00 to $120.00 in a report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Science Applications International has an average rating of Hold and an average price target of $114.50.

Science Applications International Stock Performance

Shares of SAIC opened at $102.24 on Thursday. The stock’s 50-day simple moving average is $105.37 and its 200 day simple moving average is $103.43. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 21.30 and a beta of 0.69. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 1.01. Science Applications International has a 52-week low of $79.33 and a 52-week high of $117.94.

Hedge Funds Weigh In On Science Applications International

Large investors have recently modified their holdings of the company. Global Wealth Strategies & Associates purchased a new position in shares of Science Applications International during the 4th quarter valued at about $46,000. Wipfli Financial Advisors LLC bought a new position in Science Applications International during the 3rd quarter worth approximately $41,000. WFA of San Diego LLC bought a new position in Science Applications International during the 4th quarter worth approximately $55,000. Fiduciary Alliance LLC bought a new position in Science Applications International during the 4th quarter worth approximately $55,000. Finally, Ruedi Wealth Management Inc. bought a new position in Science Applications International during the 4th quarter worth approximately $56,000. 76.40% of the stock is owned by hedge funds and other institutional investors.

About Science Applications International

(Get Rating)

Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services. Its offerings include engineering, systems integration and information technology offerings for large, complex government projects and offer a broad range of services with a targeted emphasis on higher end, differentiated technology services, and end-to-end services spanning the entire spectrum of its customers IT infrastructure.