ManTech International Corp. (NASDAQ:MANT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $45.00 price target on the stock. Zacks Investment Research’s price objective points to a potential upside of 12.44% from the stock’s previous close.
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 reports. Jefferies Group restated a “sell” rating and issued a $26.00 price objective on shares of ManTech International Corp. in a research note on Thursday, July 28th. Wells Fargo & Co. cut ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.92.
Shares of ManTech International Corp. (NASDAQ:MANT) opened at 40.02 on Wednesday. The stock has a 50 day moving average of $40.18 and a 200-day moving average of $36.43. The firm has a market capitalization of $1.53 billion, a P/E ratio of 27.54 and a beta of 1.44. ManTech International Corp. has a 1-year low of $24.90 and a 1-year high of $41.69.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. ManTech International Corp. had a return on equity of 4.62% and a net margin of 3.46%. The business had revenue of $401.35 million for the quarter, compared to analysts’ expectations of $402.12 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that ManTech International Corp. will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, September 7th. ManTech International Corp.’s dividend payout ratio (DPR) is 28.77%.
In related news, SVP Judith L. Bjornaas sold 8,600 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $40.60, for a total value of $349,160.00. Following the transaction, the senior vice president now directly owns 7,000 shares in the company, valued at $284,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Keefe sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $39.72, for a total transaction of $397,200.00. Following the completion of the transaction, the insider now owns 7,000 shares in the company, valued at $278,040. The disclosure for this sale can be found here. 22.28% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MANT. Norges Bank bought a new position in ManTech International Corp. during the fourth quarter valued at $9,704,000. Aperio Group LLC boosted its position in ManTech International Corp. by 4.5% in the first quarter. Aperio Group LLC now owns 9,478 shares of the company’s stock valued at $303,000 after buying an additional 407 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in ManTech International Corp. by 1.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,780 shares of the company’s stock valued at $281,000 after buying an additional 125 shares during the period. Prudential Financial Inc. boosted its position in ManTech International Corp. by 38.2% in the first quarter. Prudential Financial Inc. now owns 77,754 shares of the company’s stock valued at $2,487,000 after buying an additional 21,500 shares during the period. Finally, BlackRock Group LTD boosted its position in ManTech International Corp. by 4.9% in the first quarter. BlackRock Group LTD now owns 39,899 shares of the company’s stock valued at $1,277,000 after buying an additional 1,857 shares during the period. Institutional investors own 61.70% of the company’s stock.
About ManTech International Corp.
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 Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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