Wells Fargo & Co downgraded shares of Mantech International (NASDAQ:MANT) from an outperform rating to a market perform rating in a report released on Thursday morning, BenzingaRatingsTable reports.
Several other equities research analysts also recently weighed in on MANT. BidaskClub raised Mantech International from a buy rating to a strong-buy rating in a report on Monday, May 6th. Zacks Investment Research downgraded Mantech International from a buy rating to a hold rating in a report on Thursday, July 4th. ValuEngine raised Mantech International from a hold rating to a buy rating in a report on Wednesday, May 1st. Finally, Morgan Stanley began coverage on Mantech International in a report on Monday, June 3rd. They set an equal weight rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mantech International has a consensus rating of Buy and an average price target of $69.50.
Shares of MANT stock traded down $2.63 during trading hours on Thursday, hitting $69.11. The stock had a trading volume of 121,620 shares, compared to its average volume of 104,293. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 3.88 and a beta of 0.92. Mantech International has a twelve month low of $48.25 and a twelve month high of $71.90. The stock has a 50 day moving average price of $66.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.43 and a quick ratio of 2.02.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $537.00 million during the quarter, compared to the consensus estimate of $551.29 million. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. On average, research analysts expect that Mantech International will post 2.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, September 12th. Mantech International’s dividend payout ratio (DPR) is currently 52.43%.
In other Mantech International news, Director Richard L. Armitage sold 4,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 4,000 shares of the company’s stock, valued at $249,080. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Judith L. Bjornaas sold 12,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $62.90, for a total value of $754,800.00. Following the completion of the sale, the chief financial officer now directly owns 22,000 shares of the company’s stock, valued at approximately $1,383,800. The disclosure for this sale can be found here. 33.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Mantech International by 1.8% in the first quarter. Victory Capital Management Inc. now owns 1,157,978 shares of the technology company’s stock valued at $62,554,000 after acquiring an additional 20,473 shares during the period. OppenheimerFunds Inc. increased its position in shares of Mantech International by 9.4% in the first quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock valued at $40,605,000 after buying an additional 64,530 shares in the last quarter. Norges Bank purchased a new position in shares of Mantech International in the fourth quarter valued at $23,047,000. Geode Capital Management LLC increased its position in shares of Mantech International by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 311,857 shares of the technology company’s stock valued at $16,308,000 after buying an additional 4,829 shares in the last quarter. Finally, ETF Managers Group LLC increased its position in shares of Mantech International by 5.8% in the first quarter. ETF Managers Group LLC now owns 220,469 shares of the technology company’s stock valued at $11,910,000 after buying an additional 12,040 shares in the last quarter. 63.64% of the stock is owned by institutional investors.
Mantech International Company Profile
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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