ManTech International Corporation (MANT) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research cut shares of ManTech International Corporation (NASDAQ:MANT) 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. “
MANT has been the topic of several other reports. Cowen and Company reissued a buy rating and set a $45.00 price target on shares of ManTech International Corporation in a research note on Monday, August 21st. Jefferies Group LLC reiterated a sell rating on shares of ManTech International Corporation in a report on Friday, August 18th. BidaskClub lowered shares of ManTech International Corporation from a hold rating to a sell rating in a report on Friday, August 11th. Noble Financial reiterated a hold rating on shares of ManTech International Corporation in a report on Thursday, August 3rd. Finally, Maxim Group set a $44.00 target price on shares of ManTech International Corporation and gave the stock a buy rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $41.67.
ManTech International Corporation (MANT) opened at 42.32 on Wednesday. The firm has a 50-day moving average price of $39.78 and a 200-day moving average price of $38.23. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $45.52. The firm has a market capitalization of $1.65 billion, a P/E ratio of 27.90 and a beta of 0.94.
ManTech International Corporation (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The firm had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $418.60 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Equities analysts forecast that ManTech International Corporation will post $1.52 EPS for the current year.
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The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.21 per share. This represents a yield of 2.01%. The ex-dividend date was Thursday, September 7th. ManTech International Corporation’s dividend payout ratio is 27.63%.
In other ManTech International Corporation news, COO Kevin M. Phillips sold 24,020 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $41.03, for a total transaction of $985,540.60. Following the sale, the chief operating officer now directly owns 47,656 shares of the company’s stock, valued at approximately $1,955,325.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary K. Bush sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $40.39, for a total transaction of $100,975.00. Following the sale, the director now directly owns 8,540 shares in the company, valued at $344,930.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,520 shares of company stock valued at $1,167,556. 22.28% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of MANT. BlackRock Inc. boosted its stake in shares of ManTech International Corporation by 187,452.0% in the 1st quarter. BlackRock Inc. now owns 3,711,654 shares of the technology company’s stock valued at $128,534,000 after purchasing an additional 3,709,675 shares during the last quarter. ETF Managers Group LLC acquired a new position in ManTech International Corporation during the second quarter worth $18,694,000. Wellington Management Group LLP acquired a new position in ManTech International Corporation during the first quarter worth $8,213,000. Vanguard Group Inc. raised its holdings in ManTech International Corporation by 9.5% during the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock worth $93,765,000 after buying an additional 234,114 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new position in ManTech International Corporation during the second quarter worth $7,889,000. 61.87% of the stock is currently owned by institutional investors.
About ManTech International Corporation
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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