Zacks Investment Research Downgrades Mantech International (MANT) to Hold
Zacks Investment Research cut shares of Mantech International (NASDAQ:MANT) from a buy rating to a hold rating in a research note published on Tuesday.
According to Zacks, “ManTech International Corporation is a leading provider of innovative technologies and solutions for mission-critical national security programs for the Intelligence Community; the Departments of Defense, State, Homeland Security, and Justice; the Space Community; and other U.S. federal government customers. ManTech’s expertise includes systems engineering, systems integration, technology and software development, enterprise security architecture, information assurance, intelligence operations support, network and critical infrastructure protection, information technology, communications integration and engineering support. The company supports the advanced telecommunications systems that are used in Operation Iraqi Freedom and in other parts of the world; provides the physical and cyber security to protect U.S. embassies all over the world; has developed a secure, collaborative communications system for the U.S. Department of Homeland Security; and builds and maintains secure databases. “
Several other equities research analysts have also commented on MANT. BidaskClub lowered shares of Mantech International from a strong-buy rating to a buy rating in a research note on Wednesday, September 12th. Loop Capital boosted their price objective on shares of Mantech International to $80.00 and gave the stock a buy rating in a research note on Monday, September 17th. Cowen reiterated a buy rating and issued a $65.00 target price on shares of Mantech International in a research note on Monday, November 5th. Finally, Drexel Hamilton reiterated a hold rating on shares of Mantech International in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $64.63.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Mantech International had a net margin of 6.77% and a return on equity of 5.84%. The business had revenue of $497.20 million for the quarter, compared to analyst estimates of $487.86 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Mantech International’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts expect that Mantech International will post 2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.84%. Mantech International’s payout ratio is 61.73%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC purchased a new position in shares of Mantech International during the third quarter valued at approximately $297,000. Dynamic Technology Lab Private Ltd purchased a new stake in Mantech International during the third quarter valued at approximately $257,000. Swiss National Bank increased its holdings in Mantech International by 2.7% during the third quarter. Swiss National Bank now owns 45,987 shares of the technology company’s stock valued at $2,911,000 after buying an additional 1,200 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Mantech International by 5.6% during the third quarter. Allianz Asset Management GmbH now owns 451,810 shares of the technology company’s stock valued at $28,600,000 after buying an additional 23,873 shares during the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in Mantech International during the third quarter valued at approximately $259,000. 63.59% of the stock is owned by hedge funds and other institutional investors.
About Mantech International
ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
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