Science Applications International (NYSE:SAIC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “
A number of other research firms also recently weighed in on SAIC. Cowen reaffirmed a “hold” rating and set a $72.00 price target on shares of Science Applications International in a research note on Friday, December 8th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 price target on shares of Science Applications International in a research note on Monday, January 8th. Finally, Vertical Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $82.13.
Large investors have recently bought and sold shares of the business. We Are One Seven LLC purchased a new position in Science Applications International during the fourth quarter worth approximately $124,000. Bank of Montreal Can raised its stake in shares of Science Applications International by 73.8% in the 4th quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after acquiring an additional 708 shares during the period. Hayek Kallen Investment Management purchased a new position in shares of Science Applications International in the 4th quarter valued at $215,000. Cetera Advisor Networks LLC purchased a new position in shares of Science Applications International in the 3rd quarter valued at $223,000. Finally, Boston Family Office LLC purchased a new position in shares of Science Applications International in the 4th quarter valued at $229,000. 64.63% of the stock is currently owned by institutional investors.
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About Science Applications International
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.
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