Mantech International (MANT) Cut to Sell at BidaskClub

BidaskClub lowered shares of Mantech International (NASDAQ:MANT) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Mantech International from a hold rating to a buy rating and set a $45.00 price objective on the stock in a research note on Friday, September 15th. Loop Capital increased their price objective on shares of Mantech International to $57.00 in a research note on Tuesday, December 19th. Cowen reiterated a buy rating and set a $54.00 price objective on shares of Mantech International in a research note on Thursday, November 30th. Wells Fargo & Co increased their price objective 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. Finally, Maxim Group increased their price objective 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. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $47.86.

Mantech International (NASDAQ:MANT) opened at $51.90 on Friday. The company has a market cap of $2,023.74, a PE ratio of 33.92, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. Mantech International has a one year low of $33.50 and a one year high of $53.29.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.62%. Mantech International’s dividend payout ratio is presently 27.45%.

In related news, insider Daniel J. Keefe sold 6,500 shares of the 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 completion of the sale, the insider now owns 6,500 shares of the company’s stock, valued at $324,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary K. Bush sold 1,000 shares of the 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 of the company’s stock, valued at approximately $380,393. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,500 shares of company stock worth $3,206,080. Insiders own 35.06% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mantech International by 297.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,458 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in 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 during the last quarter. SG Americas Securities LLC purchased a new stake in Mantech International during the third quarter valued at approximately $165,000. GLG Partners LP purchased a new stake in Mantech International during the second quarter valued at approximately $166,000. Finally, Public Employees Retirement System of Ohio lifted its position in 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 during the last quarter. 63.24% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Mantech International (NASDAQ:MANT)

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