BidaskClub Lowers Mantech International (MANT) to Hold
BidaskClub downgraded shares of Mantech International (NASDAQ:MANT) from a buy rating to a hold rating in a research note released on Tuesday morning.
Several other research firms have also issued reports on MANT. Zacks Investment Research raised Mantech International from a hold rating to a buy rating and set a $60.00 price target on the stock in a research report on Friday, February 23rd. Loop Capital upped their price target on Mantech International to $65.00 and gave the company a buy rating in a research report on Friday, February 23rd. Credit Suisse Group upped their price target on Mantech International from $44.00 to $47.00 and gave the company an underperform rating in a research report on Friday, February 23rd. They noted that the move was a valuation call. ValuEngine raised Mantech International from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, Cowen reissued an outperform rating and set a $60.00 price target (up from $55.00) on shares of Mantech International in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Mantech International currently has an average rating of Hold and an average target price of $56.14.
Shares of Mantech International (NASDAQ MANT) opened at $54.83 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $2,292.94, a P/E ratio of 18.84, a P/E/G ratio of 3.64 and a beta of 0.92. Mantech International has a 52-week low of $33.50 and a 52-week high of $62.24.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Mantech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 1.82%. Mantech International’s dividend payout ratio (DPR) is currently 17.18%.
In other Mantech International news, CFO Judith L. Bjornaas sold 9,756 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $57.20, for a total value of $558,043.20. Following the sale, the chief financial officer now directly owns 15,756 shares of the company’s stock, valued at $901,243.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth A. Minihan sold 6,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.64, for a total value of $351,840.00. Following the completion of the sale, the director now directly owns 7,000 shares in the company, valued at $410,480. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $1,613,372 over the last ninety days. 35.06% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mantech International by 297.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after buying an additional 2,458 shares during the period. SG Americas Securities LLC acquired a new stake in Mantech International in the third quarter worth $165,000. Barings LLC acquired a new stake in Mantech International in the fourth quarter worth $221,000. Public Employees Retirement System of Ohio increased its position in Mantech International by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after buying an additional 239 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Mantech International in the fourth quarter worth $274,000. 64.41% of the stock is currently owned by hedge funds and other institutional investors.
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Mantech International Company Profile
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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