ManTech International Corp. (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage currently has a $50.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 12.33% from the stock’s current price.
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 a number of other research reports. Drexel Hamilton assumed coverage on ManTech International Corp. in a research report on Wednesday, November 16th. They set a “hold” rating on the stock. Credit Suisse Group AG cut ManTech International Corp. from a “neutral” rating to an “underperform” rating and dropped their price target for the company 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 investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $39.00.
ManTech International Corp. (NASDAQ:MANT) opened at 44.50 on Tuesday. The firm has a 50-day moving average price of $40.36 and a 200-day moving average price of $38.80. ManTech International Corp. has a 52-week low of $25.76 and a 52-week high of $45.00. The company has a market cap of $1.72 billion, a PE ratio of 29.95 and a beta of 1.39.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm earned $415.40 million during the quarter, compared to the consensus estimate of $405.80 million. ManTech International Corp. had a return on equity of 4.70% and a net margin of 3.51%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts forecast that ManTech International Corp. will post $1.47 EPS for the current year.
The business 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 (DPR) is 28.19%.
In related news, insider Daniel J. Keefe sold 12,500 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $42.66, for a total transaction of $533,250.00. Following the sale, the insider now owns 12,500 shares of the company’s stock, valued at approximately $533,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Judith L. Bjornaas sold 10,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $42.98, for a total value of $429,800.00. Following the sale, 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.
A number of hedge funds have recently modified their holdings of 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 institutional investors and hedge funds.
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.