Zacks Investment Research cut shares of Mantech International (NASDAQ:MANT) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.
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. “
A number of other brokerages have also recently issued reports on MANT. SunTrust Banks increased their target price on Mantech International to $77.00 and gave the stock a positive rating in a report on Thursday, August 1st. Morgan Stanley assumed coverage on Mantech International in a report on Monday, June 3rd. They issued an equal weight rating and a $65.00 target price on the stock. Wells Fargo & Co cut Mantech International from an outperform rating to a market perform rating in a research note on Thursday, August 1st. 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Mantech International has a consensus rating of Buy and a consensus target price of $73.00.
Shares of MANT opened at $67.99 on Tuesday. Mantech International has a 12-month low of $48.25 and a 12-month high of $71.90. The business’s fifty day moving average is $67.89 and its 200 day moving average is $61.05. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.79 billion, a P/E ratio of 31.94, a P/E/G ratio of 3.78 and a beta of 0.92.
Mantech International (NASDAQ:MANT) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $551.29 million. During the same period last year, the business earned $0.50 EPS. Mantech International’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Mantech International will post 2.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, September 12th. Mantech International’s dividend payout ratio (DPR) is presently 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 transaction of $249,080.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $249,080. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard John Wagner sold 8,600 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $70.23, for a total value of $603,978.00. Following the transaction, the insider now owns 7,635 shares in the company, valued at $536,206.05. The disclosure for this sale can be found here. 33.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Mantech International in the 4th quarter valued at approximately $23,047,000. Geode Capital Management LLC lifted its position in shares of Mantech International by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 311,857 shares of the technology company’s stock valued at $16,308,000 after acquiring an additional 4,829 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of 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 valued at $57,000 after acquiring an additional 1,031 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Mantech International in the 1st quarter valued at approximately $162,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Mantech International by 94.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,213 shares of the technology company’s stock valued at $444,000 after acquiring an additional 3,982 shares in the last quarter. Institutional investors own 64.47% of the company’s stock.
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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