Zacks Investment Research upgraded shares of Mantech International Corp (NASDAQ:MANT) from a hold rating to a buy rating in a report published on Wednesday. The firm currently has $45.00 price target on the stock.
According to Zacks, “ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. They design, develop, procure, implement, operate, test and maintain mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and worldwide. “
MANT has been the topic of a number of other research reports. Wells Fargo & Co. downgraded Mantech International Corp from a market perform rating to an underperform rating in a research report on Tuesday, August 30th. Jefferies Group reaffirmed a sell rating and issued a $26.00 target price on shares of Mantech International Corp in a research report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $36.25.
Shares of Mantech International Corp (NASDAQ:MANT) opened at 37.69 on Wednesday. The company has a market cap of $1.44 billion, a P/E ratio of 25.94 and a beta of 1.38. Mantech International Corp has a 1-year low of $25.49 and a 1-year high of $41.69. The stock’s 50 day moving average price is $40.05 and its 200 day moving average price is $36.52.
Mantech International Corp (NASDAQ:MANT) last released its earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $401.35 million for the quarter, compared to the consensus estimate of $402.12 million. Mantech International Corp had a return on equity of 4.62% and a net margin of 3.46%. Mantech International Corp’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Equities research analysts forecast that Mantech International Corp will post $1.46 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, September 7th. Mantech International Corp’s dividend payout ratio is presently 28.77%.
In other news, insider Kevin M. Phillips sold 13,949 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $41.14, for a total transaction of $573,861.86. Following the completion of the sale, the insider now owns 31,605 shares in the company, valued at $1,300,229.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Judith L. Bjornaas sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $40.60, for a total value of $349,160.00. Following the sale, the senior vice president now owns 7,000 shares of the company’s stock, valued at approximately $284,200. The disclosure for this sale can be found here. Insiders own 22.28% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Alpha Windward LLC bought a new stake in shares of Mantech International Corp during the second quarter valued at about $447,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Mantech International Corp by 19.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 18,325 shares of the company’s stock valued at $693,000 after buying an additional 3,000 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Mantech International Corp by 63.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,578 shares of the company’s stock valued at $400,000 after buying an additional 4,114 shares during the period. Arizona State Retirement System boosted its stake in shares of Mantech International Corp by 4.2% in the first quarter. Arizona State Retirement System now owns 12,471 shares of the company’s stock valued at $399,000 after buying an additional 500 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Mantech International Corp by 74.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,386 shares of the company’s stock valued at $108,000 after buying an additional 1,447 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.
Mantech International Corp Company Profile
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers.
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