ManTech International Corp. (MANT) Stock Rating Upgraded by Zacks Investment Research
ManTech International Corp. (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $45.00 target price on the stock. Zacks Investment Research’s target price would indicate a potential upside of 20.35% from the company’s previous close.
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. “
Several other research firms also recently weighed in on MANT. Wells Fargo & Co. downgraded shares of ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 30th. Jefferies Group reissued a “sell” rating and issued a $26.00 price target on shares of ManTech International Corp. in a research note on Thursday, July 28th. Three equities 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 company. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.25.
Shares of ManTech International Corp. (NASDAQ:MANT) opened at 37.39 on Wednesday. ManTech International Corp. has a 12 month low of $24.90 and a 12 month high of $41.69. The stock has a 50 day moving average of $40.12 and a 200 day moving average of $36.47. The stock has a market cap of $1.43 billion, a PE ratio of 25.73 and a beta of 1.44.
ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $401.35 million for the quarter, compared to the consensus estimate of $402.12 million. ManTech International Corp. had a net margin of 3.46% and a return on equity of 4.62%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.33 earnings per share. On average, equities analysts anticipate that ManTech International Corp. will post $1.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, September 7th. ManTech International Corp.’s dividend payout ratio (DPR) is presently 28.77%.
In other ManTech International Corp. news, insider Daniel J. Keefe sold 37,500 shares of ManTech International Corp. stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $39.36, for a total transaction of $1,476,000.00. Following the completion of the sale, the insider now directly owns 12,500 shares in the company, valued at $492,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel J. Keefe sold 10,000 shares of ManTech International Corp. stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $39.72, for a total transaction of $397,200.00. Following the sale, the insider now owns 7,000 shares of the company’s stock, valued at $278,040. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Alpha Windward LLC bought a new stake in shares of ManTech International Corp. during the second quarter worth $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 worth $693,000 after buying an additional 3,000 shares in the last quarter. 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 worth $400,000 after buying an additional 4,114 shares in the last quarter. 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 worth $399,000 after buying an additional 500 shares in the last quarter. 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 worth $108,000 after buying an additional 1,447 shares in the last quarter. 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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