ManTech International (MANT) Upgraded at BidaskClub

BidaskClub upgraded shares of ManTech International (NASDAQ:MANT) from a buy rating to a strong-buy rating in a report released on Thursday.

Several other brokerages also recently weighed in on MANT. Credit Suisse Group lifted their price objective on shares of ManTech International from $44.00 to $47.00 and gave the company an underperform rating in a research report on Friday, February 23rd. They noted that the move was a valuation call. Loop Capital lifted their price objective on shares of ManTech International to $65.00 and gave the company a buy rating in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of ManTech International from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research report on Friday, February 23rd. ValuEngine upgraded shares of ManTech International from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, Cowen reiterated an outperform rating and issued a $60.00 price objective (up from $55.00) on shares of ManTech International in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $56.14.

Shares of NASDAQ:MANT opened at $60.88 on Thursday. The stock has a market capitalization of $2,388.26, a P/E ratio of 37.58, a PEG ratio of 3.80 and a beta of 0.89. ManTech International has a fifty-two week low of $34.91 and a fifty-two week high of $62.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61.

ManTech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The firm had revenue of $462.30 million for the quarter, compared to the consensus estimate of $461.91 million. ManTech International had a net margin of 6.65% and a return on equity of 4.96%. ManTech International’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. research analysts expect that ManTech International will post 2.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from ManTech International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 8th. ManTech International’s payout ratio is 30.86%.

In other ManTech International news, CFO Judith L. Bjornaas sold 9,756 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $57.20, for a total transaction of $558,043.20. Following the sale, the chief financial officer now directly owns 15,756 shares in the company, valued at approximately $901,243.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth A. Minihan sold 6,000 shares of the business’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 owns 7,000 shares in the company, valued at $410,480. The disclosure for this sale can be found here. Insiders have sold a total of 34,083 shares of company stock worth $1,942,832 over the last 90 days. 22.28% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Pier Capital LLC bought a new stake in shares of ManTech International during the 4th quarter worth about $5,699,000. MetLife Investment Advisors LLC bought a new stake in shares of ManTech International during the 4th quarter worth about $624,000. Gotham Asset Management LLC raised its position in shares of ManTech International by 267.3% during the 4th quarter. Gotham Asset Management LLC now owns 53,892 shares of the technology company’s stock worth $2,705,000 after buying an additional 39,220 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of ManTech International during the 4th quarter worth about $274,000. Finally, Earnest Partners LLC raised its position in shares of ManTech International by 0.7% during the 4th quarter. Earnest Partners LLC now owns 1,414,501 shares of the technology company’s stock worth $70,994,000 after buying an additional 9,782 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.

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ManTech International Company Profile

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It 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.

Analyst Recommendations for ManTech International (NASDAQ:MANT)

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