ManTech International Corp. (MANT) Stock Rating Lowered by Credit Suisse Group AG
ManTech International Corp. (NASDAQ:MANT) was downgraded by research analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a report released on Thursday. They currently have a $36.00 price target on the stock, down from their previous price target of $37.00. Credit Suisse Group AG’s price objective suggests a potential downside of 10.51% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also issued reports on MANT. Zacks Investment Research raised ManTech International Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday. Jefferies Group reaffirmed a “sell” rating and issued a $26.00 target price on shares of ManTech International Corp. in a research note on Thursday, July 28th. Finally, Wells Fargo & Co. lowered ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $36.25.
Shares of ManTech International Corp. (NASDAQ:MANT) traded down 4.03% on Thursday, reaching $38.61. 57,340 shares of the company were exchanged. The stock’s 50-day moving average is $40.20 and its 200 day moving average is $36.46. The firm has a market capitalization of $1.48 billion, a PE ratio of 26.57 and a beta of 1.44. ManTech International Corp. has a 12-month low of $24.90 and a 12-month high of $41.69.
ManTech International Corp. (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The company earned $401.35 million during the quarter, compared to analyst estimates of $402.12 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. ManTech International Corp.’s revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that ManTech International Corp. will post $1.46 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. ManTech International Corp.’s dividend payout ratio is presently 28.77%.
In other ManTech International Corp. news, insider Kevin M. Phillips sold 13,949 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $41.14, for a total value of $573,861.86. Following the completion of the transaction, the insider now owns 31,605 shares in the company, valued at $1,300,229.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel J. Keefe sold 37,500 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $39.36, for a total value of $1,476,000.00. Following the completion of the transaction, the insider now owns 12,500 shares of the company’s stock, valued at approximately $492,000. The disclosure for this sale can be found here. Corporate insiders own 22.28% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in ManTech International Corp. by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $412,000 after buying an additional 100 shares during the period. Acrospire Investment Management LLC increased its position in ManTech International Corp. by 3.8% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $102,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. increased its position in ManTech International Corp. by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,110 shares of the company’s stock worth $118,000 after buying an additional 118 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in ManTech International Corp. by 1.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,780 shares of the company’s stock worth $281,000 after buying an additional 125 shares during the period. Finally, Profund Advisors LLC increased its position in ManTech International Corp. by 1.9% in the second quarter. Profund Advisors LLC now owns 7,698 shares of the company’s stock worth $291,000 after buying an additional 146 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 Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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