Trading Report: Today, ManTech International Corp. (MANT) Upgraded to Buy at The Zacks Investment Research

Today, ManTech International Corp. (MANT) Upgraded to Buy at The Zacks Investment Research

Zacks Investment Research upgraded shares of ManTech International Corp. (NASDAQ:MANT) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. Zacks Investment Research currently has $49.00 price target on the stock.

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 analysts have also recently issued research reports about the company. Drexel Hamilton initiated coverage on ManTech International Corp. in a research report on Wednesday, November 16th. They issued a hold rating for the company. Jefferies Group reaffirmed a sell rating and issued a $26.00 price target on shares of ManTech International Corp. in a research report on Thursday, July 28th. Credit Suisse Group AG cut ManTech International Corp. from a neutral rating to an underperform rating and reduced their price target for the stock from $37.00 to $36.00 in a research report on Thursday, September 29th. They noted that the move was a valuation call. Finally, Wells Fargo & Co. cut ManTech International Corp. from a market perform rating to an underperform rating in a research report on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. ManTech International Corp. has a consensus rating of Hold and a consensus target price of $38.75.

ManTech International Corp. (NASDAQ:MANT) opened at 44.49 on Tuesday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 29.94 and a beta of 1.39. ManTech International Corp. has a 12 month low of $25.76 and a 12 month high of $44.50. The stock has a 50 day moving average price of $39.95 and a 200 day moving average price of $38.59.

ManTech International Corp. (NASDAQ:MANT) last issued its earnings results on Wednesday, November 2nd. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. ManTech International Corp. had a return on equity of 4.70% and a net margin of 3.51%. The firm had revenue of $415.40 million for the quarter, compared to the consensus estimate of $405.80 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that ManTech International Corp. will post $1.47 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, December 7th. ManTech International Corp.’s dividend payout ratio is presently 28.19%.

In other ManTech International Corp. news, insider Judith L. Bjornaas sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $42.98, for a total value of $429,800.00. Following the completion of the transaction, the insider now owns 12,000 shares of the company’s stock, valued at approximately $515,760. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel J. Keefe sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $42.66, for a total value of $533,250.00. Following the completion of the transaction, the insider now directly owns 12,500 shares of the company’s stock, valued at approximately $533,250. The disclosure for this sale can be found here. Corporate insiders own 22.28% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in ManTech International Corp. by 6.2% in the second quarter. PNC Financial Services Group Inc. now owns 11,017 shares of the company’s stock valued at $417,000 after buying an additional 643 shares during the period. 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 valued at $3,623,000 after buying an additional 10,323 shares during the period. California State Teachers Retirement System boosted its position in ManTech International Corp. by 0.6% in the second quarter. California State Teachers Retirement System now owns 51,836 shares of the company’s stock valued at $1,960,000 after buying an additional 332 shares during the period. New York State Teachers Retirement System boosted its position in ManTech International Corp. by 2.1% in the second quarter. New York State Teachers Retirement System now owns 73,714 shares of the company’s stock valued at $2,788,000 after buying an additional 1,500 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in ManTech International Corp. during the second quarter valued at approximately $23,744,000. 61.40% of the stock is owned by hedge funds and other institutional investors.

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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