Zacks Investment Research Lowers Mantech International (MANT) to Hold

Zacks Investment Research lowered shares of Mantech International (NASDAQ:MANT) from a strong-buy rating to a hold rating in a research report report published on Wednesday.

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 weighed in on the stock. Loop Capital boosted their price target on shares of Mantech International to $57.00 in a report on Tuesday, December 19th. Cowen restated a buy rating and set a $54.00 price target on shares of Mantech International in a report on Thursday, November 30th. Maxim Group boosted their target price on shares of Mantech International from $47.00 to $53.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co boosted their target price on shares of Mantech International from $42.00 to $44.00 and gave the company an underperform rating in a research note on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Mantech International has a consensus rating of Hold and a consensus target price of $46.57.

Shares of Mantech International (NASDAQ MANT) opened at $51.49 on Wednesday. The company has a market cap of $1,996.83, a PE ratio of 33.47, a PEG ratio of 3.70 and a beta of 0.97. Mantech International has a 52-week low of $33.50 and a 52-week high of $53.29.

Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business had revenue of $422.70 million for the quarter, compared to analysts’ expectations of $427.44 million. During the same period in the previous year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. equities analysts anticipate that Mantech International will post 1.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, December 7th. Mantech International’s payout ratio is currently 27.45%.

In related news, Director Mary K. Bush sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the sale, the director now directly owns 7,540 shares in the company, valued at approximately $380,393. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Keefe sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.85, for a total transaction of $324,025.00. Following the sale, the insider now owns 6,500 shares in the company, valued at $324,025. The disclosure for this sale can be found here. Insiders have sold a total of 65,500 shares of company stock worth $3,206,080 over the last 90 days. 22.28% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in MANT. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Mantech International by 297.9% during the 3rd 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. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Mantech International by 43.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,181 shares during the period. SG Americas Securities LLC bought a new stake in Mantech International during the 3rd quarter worth approximately $165,000. GLG Partners LP bought a new stake in Mantech International during the 2nd quarter worth approximately $166,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Mantech International by 5.5% during the 2nd 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. Institutional investors own 63.24% of the company’s stock.

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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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