Zacks Investment Research downgraded shares of ManTech International Corporation (NASDAQ:MANT) from a buy rating to a hold rating in a research note released on Wednesday.
According to Zacks, “ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. They design, develop, procure, implement, operate, test and maintain mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and worldwide. “
Other analysts have also recently issued reports about the company. Maxim Group set a $44.00 price target on ManTech International Corporation and gave the company a buy rating in a report on Thursday, August 3rd. Credit Suisse Group reissued a sell rating and issued a $36.00 price target on shares of ManTech International Corporation in a report on Friday, May 5th. Jefferies Group LLC reissued a sell rating on shares of ManTech International Corporation in a report on Friday, August 18th. BidaskClub raised ManTech International Corporation from a sell rating to a hold rating in a report on Thursday, August 3rd. Finally, TheStreet raised ManTech International Corporation from a c+ rating to a b rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. ManTech International Corporation presently has an average rating of Hold and an average target price of $40.33.
Shares of ManTech International Corporation (MANT) traded up 0.57% during trading on Wednesday, reaching $38.80. 113,252 shares of the company were exchanged. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $45.52. The firm has a market capitalization of $1.51 billion, a P/E ratio of 25.58 and a beta of 0.94. The firm’s 50 day moving average is $39.60 and its 200 day moving average is $38.02.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $413.70 million during the quarter, compared to analysts’ expectations of $418.60 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, equities analysts anticipate that ManTech International Corporation will post $1.52 EPS for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.21 per share. This represents a yield of 2.01%. The ex-dividend date is Thursday, September 7th. ManTech International Corporation’s payout ratio is 27.63%.
In other ManTech International Corporation news, Director Richard L. Armitage sold 3,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $40.01, for a total transaction of $120,030.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at $160,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.28% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in ManTech International Corporation during the fourth quarter valued at $862,000. Teachers Advisors LLC increased its stake in shares of ManTech International Corporation by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 39,336 shares of the technology company’s stock worth $1,662,000 after buying an additional 1,217 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of ManTech International Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock worth $360,000 after buying an additional 200 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of ManTech International Corporation by 2.1% in the first quarter. Nationwide Fund Advisors now owns 32,473 shares of the technology company’s stock worth $1,125,000 after buying an additional 671 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in shares of ManTech International Corporation by 561.3% in the first quarter. Sit Investment Associates Inc. now owns 10,250 shares of the technology company’s stock worth $355,000 after buying an additional 8,700 shares in the last quarter. 61.04% of the stock is owned by institutional investors.
About ManTech International Corporation
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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