Latest Stocks: Cowen and Company Reiterates “Hold” Rating for Science Applications International Corp (SAIC)

Latest Stocks: Cowen and Company Reiterates “Hold” Rating for Science Applications International Corp (SAIC)

Cowen and Company reiterated their hold rating on shares of Science Applications International Corp (NYSE:SAIC) in a report published on Monday, May 15th, StockTargetPrices.com reports. They currently have a $75.00 price target on the information technology services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc cut their price objective on shares of Science Applications International Corp from $86.00 to $83.00 and set a neutral rating for the company in a research report on Monday, April 3rd. Zacks Investment Research cut shares of Science Applications International Corp from a strong-buy rating to a hold rating in a research report on Wednesday, April 19th. Vertical Research assumed coverage on shares of Science Applications International Corp in a research report on Thursday, March 16th. They set a hold rating and a $91.00 price target for the company. Finally, Seaport Global Securities assumed coverage on shares of Science Applications International Corp in a research report on Thursday, February 16th. They set a buy rating and a $93.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Science Applications International Corp presently has an average rating of Buy and an average price target of $84.57.

In other news, insider Nazzic S. Keene sold 8,580 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $72.45, for a total value of $621,621.00. Following the completion of the transaction, the insider now owns 34,826 shares of the company’s stock, valued at $2,523,143.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.28% of the company’s stock. Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ronna Sue Cohen raised its position in Science Applications International Corp by 0.4% in the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after buying an additional 21 shares during the last quarter. Hsbc Holdings PLC raised its position in Science Applications International Corp by 0.6% in the third quarter. Hsbc Holdings PLC now owns 6,268 shares of the information technology services provider’s stock valued at $435,000 after buying an additional 36 shares during the last quarter. Sei Investments Co. raised its position in Science Applications International Corp by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after buying an additional 39 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Science Applications International Corp by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 47 shares during the last quarter. Finally, Dorsey Wright & Associates raised its position in Science Applications International Corp by 2.2% in the first quarter. Dorsey Wright & Associates now owns 5,324 shares of the information technology services provider’s stock valued at $396,000 after buying an additional 117 shares during the last quarter. 66.48% of the stock is owned by institutional investors and hedge funds.

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