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 Tuesday. The firm currently has a $49.00 price target on the stock. Zacks Investment Research’s target price would indicate a potential upside of 10.14% 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. “
A number of other equities analysts also recently issued reports on the stock. Drexel Hamilton began coverage on shares of ManTech International Corp. in a research note on Wednesday, November 16th. They set a “hold” rating on the stock. Credit Suisse Group AG downgraded shares of ManTech International Corp. from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $37.00 to $36.00 in a research note on Thursday, September 29th. They noted that the move was a valuation call. 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. Finally, Jefferies Group reiterated a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a research note on Thursday, July 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. ManTech International Corp. presently has an average rating of “Hold” and an average target price of $38.75.
ManTech International Corp. (NASDAQ:MANT) opened at 44.49 on Tuesday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 29.94 and a beta of 1.39. ManTech International Corp. has a one year low of $25.76 and a one year high of $44.50. The company has a 50-day moving average of $39.95 and a 200-day moving average of $38.59.
ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. ManTech International Corp. had a net margin of 3.51% and a return on equity of 4.70%. The company had revenue of $415.40 million for the quarter, compared to analyst estimates of $405.80 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts forecast that ManTech International Corp. will post $1.47 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, December 7th. ManTech International Corp.’s dividend payout ratio (DPR) is 28.19%.
In other ManTech International Corp. news, insider Kevin M. Phillips sold 13,949 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $41.14, for a total value of $573,861.86. Following the completion of the sale, the insider now directly owns 31,605 shares in the company, valued at $1,300,229.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Judith L. Bjornaas sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 12,000 shares of the company’s stock, valued at $515,760. The disclosure for this sale can be found here. 22.28% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Group LTD boosted its position in ManTech International Corp. by 4.9% in the first quarter. BlackRock Group LTD now owns 39,899 shares of the company’s stock worth $1,277,000 after buying an additional 1,857 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in ManTech International Corp. by 3.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 586,298 shares of the company’s stock worth $18,756,000 after buying an additional 19,747 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in ManTech International Corp. by 10.0% in the first quarter. Goldman Sachs Group Inc. now owns 113,251 shares of the company’s stock worth $3,623,000 after buying an additional 10,323 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in 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. Finally, Chevy Chase Trust Holdings Inc. boosted its position in 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. Institutional investors own 61.40% of the company’s stock.
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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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