Zacks Investment Research upgraded shares of Mantech International (NASDAQ:MANT) from a hold rating to a buy rating in a research note published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $77.00 price target on the technology company’s stock.
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 brokerages have also weighed in on MANT. SunTrust Banks lifted their price objective on Mantech International to $77.00 and gave the stock a positive rating in a report on Thursday, August 1st. Wells Fargo & Co lowered Mantech International from an outperform rating to a market perform rating in a report on Thursday, August 1st. Morgan Stanley began coverage on Mantech International in a research note on Monday, June 3rd. They issued an equal weight rating and a $65.00 target price for the company. BidaskClub upgraded Mantech International from a buy rating to a strong-buy rating in a research note on Monday, May 6th. Finally, ValuEngine upgraded Mantech International from a hold rating to a buy rating in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $73.00.
Shares of MANT opened at $67.99 on Wednesday. The business has a 50-day moving average of $67.89 and a 200 day moving average of $61.05. Mantech International has a fifty-two week low of $48.25 and a fifty-two week high of $71.90. The firm has a market cap of $2.79 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 3.78 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.43 and a current ratio of 1.43.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The company had revenue of $537.00 million during the quarter, compared to analyst estimates of $551.29 million. During the same quarter last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts predict that Mantech International will post 2.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.59%. Mantech International’s dividend payout ratio is currently 52.43%.
In other Mantech International news, insider Richard John Wagner sold 8,600 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $70.23, for a total value of $603,978.00. Following the completion of the transaction, the insider now owns 7,635 shares in the company, valued at approximately $536,206.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Armitage sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $62.27, for a total value of $249,080.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $249,080. The disclosure for this sale can be found here. 33.70% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MANT. FMR LLC increased its stake in Mantech International by 1,578.6% during the 1st quarter. FMR LLC now owns 705 shares of the technology company’s stock worth $38,000 after buying an additional 663 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Mantech International by 3,436.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,061 shares of the technology company’s stock worth $57,000 after acquiring an additional 1,031 shares during the period. Quantamental Technologies LLC grew its stake in Mantech International by 20.7% in the 1st quarter. Quantamental Technologies LLC now owns 1,649 shares of the technology company’s stock worth $89,000 after acquiring an additional 283 shares during the period. Bank of Montreal Can grew its stake in Mantech International by 4,472.0% in the 2nd quarter. Bank of Montreal Can now owns 2,286 shares of the technology company’s stock worth $150,000 after acquiring an additional 2,236 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in Mantech International in the 1st quarter worth approximately $162,000. Institutional investors and hedge funds own 64.47% of the company’s stock.
About Mantech International
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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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