Zacks Investment Research cut shares of Mantech International (NASDAQ:MANT) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning.
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. “
MANT has been the subject of several other research reports. Loop Capital boosted their price objective on Mantech International to $57.00 in a report on Tuesday, December 19th. Cowen reissued a buy rating and set a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Maxim Group reissued a buy rating and set a $47.00 price objective (up previously from $44.00) on shares of Mantech International in a report on Wednesday, September 20th. Finally, Wells Fargo & Co boosted their price objective on Mantech International from $42.00 to $44.00 and gave the stock an underperform rating in a report on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Mantech International has a consensus rating of Hold and an average target price of $46.57.
Mantech International (NASDAQ:MANT) traded up $0.72 during mid-day trading on Wednesday, reaching $51.21. The company’s stock had a trading volume of 130,236 shares, compared to its average volume of 124,467. The stock has a market cap of $1,990.00, a price-to-earnings ratio of 33.47, a PEG ratio of 3.62 and a beta of 0.97. Mantech International has a 1-year low of $33.50 and a 1-year high of $53.29.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $422.70 million during the quarter, compared to analyst estimates of $427.44 million. Mantech International had a return on equity of 4.73% and a net margin of 3.61%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. sell-side analysts predict that Mantech International will post 1.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. Mantech International’s payout ratio is 27.45%.
In other Mantech International news, insider Daniel J. Keefe sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the completion of the sale, the insider now owns 6,500 shares in the company, valued at $324,025. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary K. Bush sold 1,000 shares of the business’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 value of $50,450.00. Following the completion of the sale, the director now owns 7,540 shares of the company’s stock, valued at approximately $380,393. The disclosure for this sale can be found here. Insiders sold a total of 65,500 shares of company stock valued at $3,206,080 in the last 90 days. 22.28% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mantech International by 297.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after purchasing an additional 2,458 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Mantech International by 43.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,181 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Mantech International during the third quarter valued at approximately $165,000. GLG Partners LP bought a new position in shares of Mantech International during the second quarter valued at approximately $166,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of 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 valued at $189,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 63.24% of the company’s stock.
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Mantech International Company Profile
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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