ManTech International Corp. (MANT) Cut to “Hold” at Zacks Investment Research
ManTech International Corp. (NASDAQ:MANT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
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. “
Other equities analysts also recently issued research reports about the stock. Drexel Hamilton started coverage on shares of ManTech International Corp. in a research note on Wednesday, November 16th. They set a “hold” rating on the stock. Jefferies Group reaffirmed a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a research note on Thursday, July 28th. Credit Suisse Group AG downgraded shares of ManTech International Corp. from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $37.00 to $36.00 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Finally, 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. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. ManTech International Corp. presently has a consensus rating of “Hold” and an average price target of $38.75.
ManTech International Corp. (NASDAQ:MANT) opened at 44.10 on Wednesday. The firm has a 50 day moving average of $39.76 and a 200 day moving average of $38.54. The firm has a market cap of $1.70 billion, a P/E ratio of 29.68 and a beta of 1.39. ManTech International Corp. has a 1-year low of $25.76 and a 1-year high of $44.21.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $415.40 million for the quarter, compared to the consensus estimate of $405.80 million. ManTech International Corp. had a net margin of 3.51% and a return on equity of 4.70%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that ManTech International Corp. will post $1.47 EPS for the current year.
The company also recently declared a dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, December 7th. ManTech International Corp.’s payout ratio is 28.19%.
In related news, insider Kevin M. Phillips sold 13,949 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were 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 directly owns 31,605 shares of the company’s stock, valued at approximately $1,300,229.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Judith L. Bjornaas sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $42.98, for a total transaction of $429,800.00. Following the sale, the insider now directly owns 12,000 shares of the company’s stock, valued at $515,760. The disclosure for this sale can be found here. Corporate insiders own 22.28% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MANT. Vanguard Group Inc. raised its stake in ManTech International Corp. by 6.8% in the second quarter. Vanguard Group Inc. now owns 2,066,258 shares of the company’s stock worth $78,146,000 after buying an additional 131,533 shares during the last quarter. BlackRock Fund Advisors raised its stake in ManTech International Corp. by 9.5% in the third quarter. BlackRock Fund Advisors now owns 2,016,881 shares of the company’s stock worth $76,016,000 after buying an additional 174,885 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in ManTech International Corp. by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,968,618 shares of the company’s stock worth $74,451,000 after buying an additional 152,610 shares during the last quarter. FMR LLC raised its stake in ManTech International Corp. by 58.3% in the second quarter. FMR LLC now owns 1,428,491 shares of the company’s stock worth $54,026,000 after buying an additional 526,090 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in ManTech International Corp. by 5.7% in the third quarter. Victory Capital Management Inc. now owns 1,227,366 shares of the company’s stock worth $46,259,000 after buying an additional 66,471 shares during the last quarter. 61.40% of the stock is owned by institutional investors and hedge funds.
About ManTech International Corp.
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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