Zacks Investment Research upgraded shares of Mantech International (NASDAQ:MANT) from a hold rating to a buy rating in a research report sent to investors on Saturday, February 17th. They currently have $59.00 target price on the technology company’s stock.
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. “
A number of other equities analysts have also recently issued reports on MANT. Wells Fargo & Co boosted their price objective on Mantech International from $42.00 to $44.00 and gave the company an underperform rating in a report on Wednesday, October 25th. Loop Capital boosted their price objective on Mantech International from $45.00 to $53.00 and gave the company a buy rating in a report on Thursday, November 2nd. Maxim Group boosted their price objective on Mantech International from $47.00 to $53.00 and gave the company a buy rating in a report on Thursday, November 2nd. Cowen restated a buy rating and set a $54.00 price objective on shares of Mantech International in a report on Thursday, November 30th. Finally, BidaskClub cut Mantech International from a hold rating to a sell rating in a report on Saturday, January 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $56.14.
Mantech International (NASDAQ:MANT) last announced its earnings results on Wednesday, February 21st. The technology company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. Mantech International had a return on equity of 4.96% and a net margin of 6.65%. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $461.91 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. equities analysts expect that Mantech International will post 2.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. This is a boost from Mantech International’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 8th. Mantech International’s dividend payout ratio is currently 17.18%.
In other Mantech International news, insider Daniel J. Keefe sold 4,327 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $57.03, for a total value of $246,768.81. The sale 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 company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.64, for a total value of $351,840.00. Following the completion of the sale, the director now owns 7,000 shares of the company’s stock, valued at $410,480. The disclosure for this sale can be found here. Insiders sold a total of 28,083 shares of company stock valued at $1,613,372 over the last quarter. Company insiders own 35.06% of the company’s stock.
Several hedge funds have recently modified their holdings of MANT. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mantech International by 297.9% in 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of Mantech International in the 3rd quarter worth $165,000. Barings LLC bought a new position in shares of Mantech International in the 4th quarter worth $221,000. Public Employees Retirement System of Ohio raised its position in shares of Mantech International by 5.5% in 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 in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Mantech International in the 4th quarter worth $274,000. Institutional investors and hedge funds own 64.41% of the company’s stock.
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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