Zacks Investment Research cut shares of Mantech International (NASDAQ:MANT) from a buy rating to a hold rating in a report released on Tuesday, February 20th.
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. “
Other equities research analysts have also issued reports about the stock. Loop Capital increased their target price on shares of Mantech International to $57.00 in a report on Tuesday, December 19th. Cowen reaffirmed a buy rating and set a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Maxim Group raised their target price on shares of Mantech International from $47.00 to $53.00 and gave the company a buy rating in a report on Thursday, November 2nd. BidaskClub raised shares of Mantech International from a sell rating to a hold rating in a report on Saturday, February 10th. Finally, Wells Fargo & Co raised their target price on shares of Mantech International from $42.00 to $44.00 and gave the company an underperform rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $56.14.
Mantech International (MANT) traded down $0.16 during trading hours on Tuesday, hitting $54.67. 327,194 shares of the stock were exchanged, compared to its average volume of 215,270. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. The stock has a market cap of $2,174.86, a P/E ratio of 18.79, a PEG ratio of 3.46 and a beta of 0.92. Mantech International has a 12-month low of $33.50 and a 12-month high of $62.24.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Mantech International had a net margin of 6.65% and a return on equity of 4.96%. The business had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $461.91 million. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. analysts expect that Mantech International will post 2.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Mantech International’s previous quarterly dividend of $0.21. Mantech International’s payout ratio is 17.18%.
In other news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Keefe sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $57.09, for a total value of $456,720.00. The disclosure for this sale can be found here. Insiders sold 28,083 shares of company stock worth $1,613,372 in the last quarter. 35.06% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in Mantech International by 10.4% in the third quarter. Wells Fargo & Company MN now owns 143,447 shares of the technology company’s stock valued at $6,334,000 after acquiring an additional 13,522 shares during the period. AXA lifted its holdings in Mantech International by 11.0% in the third quarter. AXA now owns 124,800 shares of the technology company’s stock valued at $5,510,000 after acquiring an additional 12,326 shares during the period. Bailard Inc. acquired a new position in Mantech International in the fourth quarter valued at approximately $693,000. TIAA CREF Investment Management LLC raised its stake in shares of Mantech International by 27.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 85,102 shares of the technology company’s stock worth $3,522,000 after buying an additional 18,326 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Mantech International by 0.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 431,619 shares of the technology company’s stock worth $19,058,000 after buying an additional 3,408 shares during the period. 64.41% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Mantech International (MANT) Cut to “Hold” at Zacks Investment Research” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.thelincolnianonline.com/2018/03/14/zacks-investment-research-lowers-mantech-international-mant-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.