Today: ManTech International Corp. (MANT) Lowered by The Zacks Investment Research

Today: ManTech International Corp. (MANT) Lowered by The Zacks Investment Research

Zacks Investment Research lowered shares of ManTech International Corp. (NASDAQ:MANT) from a buy rating to a hold rating in a research note published 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. “

A number of other brokerages have also recently weighed in on MANT. Drexel Hamilton assumed coverage on ManTech International Corp. in a research note on Wednesday, November 16th. They issued a hold rating for the company. Wells Fargo & Co. cut ManTech International Corp. from a market perform rating to an underperform rating in a research note on Tuesday, August 30th. Credit Suisse Group AG lowered ManTech International Corp. from a neutral rating to an underperform rating and dropped their target price for the company from $37.00 to $36.00 in a report on Thursday, September 29th. They noted that the move was a valuation call. Finally, Jefferies Group reissued a sell rating and issued a $26.00 target price on shares of ManTech International Corp. in a report on Thursday, July 28th. Three 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’s stock. The company has an average rating of Hold and a consensus price target of $38.75.

ManTech International Corp. (NASDAQ:MANT) opened at 45.00 on Wednesday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 30.28 and a beta of 1.39. The firm has a 50-day moving average price of $40.20 and a 200-day moving average price of $38.66. ManTech International Corp. has a one year low of $25.76 and a one year high of $45.00.

ManTech International Corp. (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company earned $415.40 million during the quarter, compared to analysts’ expectations of $405.80 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts predict that ManTech International Corp. will post $1.47 earnings per share for the current 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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, December 7th. ManTech International Corp.’s dividend payout ratio is presently 28.19%.

In related news, insider Daniel J. Keefe sold 12,500 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $42.66, for a total transaction of $533,250.00. Following the transaction, the insider now owns 12,500 shares of the company’s stock, valued at $533,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Judith L. Bjornaas sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 12,000 shares in the company, valued at approximately $515,760. The disclosure for this sale can be found here. Corporate insiders own 22.28% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. raised its position in shares of ManTech International Corp. by 0.4% in the third quarter. American International Group Inc. now owns 18,436 shares of the company’s stock worth $695,000 after buying an additional 75 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of ManTech International Corp. by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,580 shares of the company’s stock worth $361,000 after buying an additional 90 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of ManTech International Corp. by 3.8% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $102,000 after buying an additional 100 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of ManTech International Corp. by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,110 shares of the company’s stock worth $118,000 after buying an additional 118 shares in the last quarter. Finally, Profund Advisors LLC raised its position in shares of ManTech International Corp. by 1.9% in the second quarter. Profund Advisors LLC now owns 7,698 shares of the company’s stock worth $291,000 after buying an additional 146 shares in the last quarter. 63.28% of the stock is currently owned by hedge funds and other institutional investors.

ManTech International Corp. Company Profile

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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