Zacks Investment Research upgraded shares of Mantech International (NASDAQ:MANT) from a hold rating to a buy rating in a report released on Friday morning. Zacks Investment Research currently has $60.00 target price 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 research analysts have also recently issued reports on the company. SunTrust Banks raised their price objective on Mantech International to $58.00 and gave the stock a hold rating in a research note on Thursday, February 22nd. Cowen restated an outperform rating and issued a $60.00 price objective (up from $55.00) on shares of Mantech International in a research note on Thursday, February 22nd. Maxim Group raised their price objective on Mantech International from $53.00 to $59.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. BidaskClub upgraded Mantech International from a sell rating to a hold rating in a research note on Saturday, February 10th. Finally, Loop Capital raised their price objective on Mantech International to $60.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $56.14.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.06. Mantech International had a return on equity of 4.96% and a net margin of 6.65%. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $461.91 million. During the same period last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. research analysts anticipate that Mantech International will post 1.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.72%. This is a positive change from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 8th. Mantech International’s dividend payout ratio (DPR) is 10.05%.
In related news, Director Kenneth A. Minihan sold 6,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $58.64, for a total transaction of $351,840.00. Following the sale, the director now directly owns 7,000 shares of the company’s stock, valued at $410,480. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary K. Bush sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total value of $50,450.00. Following the sale, the director now directly owns 7,540 shares in the company, valued at $380,393. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,500 shares of company stock worth $783,215. 35.06% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mantech International by 297.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after acquiring an additional 2,458 shares during the period. SG Americas Securities LLC acquired a new stake in Mantech International during the third quarter worth about $165,000. Barings LLC acquired a new stake in Mantech International during the fourth quarter worth about $221,000. Public Employees Retirement System of Ohio grew its holdings in Mantech International by 5.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after acquiring an additional 239 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Mantech International in the fourth quarter valued at approximately $274,000. 62.96% of the stock is currently owned by hedge funds and other institutional investors.
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About Mantech International
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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