ManTech International Co. (NASDAQ:MANT) Receives Average Analyst Rating of “Hold”
ManTech International Co. (NASDAQ: MANT – Get a rating) has been assigned an average recommendation of “Hold” by the nine research companies that currently cover the company, reports Marketbeat.com. One research analyst rated the stock with a sell recommendation, six gave the company a hold recommendation and two gave the company a buy recommendation. The 1-year average target price among brokers who updated their coverage on the stock in the past year is $82.60.
A number of research companies have recently commented on MANT. StockNews.com began covering ManTech International shares in a research report on Thursday. They issued a “hold” rating on the stock. Wells Fargo & Company raised its price target on ManTech International shares from $77.00 to $89.00 and gave the company an “equal weight” rating in a Thursday, March 24 research report. Stifel Nicolaus began covering ManTech International shares in a research note on Thursday, March 17. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of ManTech International from a “sell” to a “hold” rating in a Saturday, February 26 research note. Finally, Morgan Stanley raised its price target on ManTech International shares from $83.00 to $85.00 and gave the stock an “equal weight” rating in a Friday, March 18 research note.
NASDAQ:MANT opened at $86.20 on Friday. ManTech International has a 12-month low of $66.91 and a 12-month high of $92.00. The company has a market capitalization of $3.52 billion, a price-earnings ratio of 25.81 and a beta of 0.74. The company has a quick ratio of 1.58, a current ratio of 1.58 and a leverage ratio of 0.18. The company’s 50-day moving average is $81.91 and its 200-day moving average is $77.57.
ManTech International (NASDAQ: MANT – Get a rating) last released its quarterly results on Wednesday, February 23. The technology company reported EPS of $0.83 for the quarter, beating the Zacks consensus estimate of $0.80 by $0.03. ManTech International had a net margin of 5.36% and a return on equity of 9.26%. The company posted revenue of $634.30 million for the quarter, versus analyst estimates of $644.09 million. In the same quarter last year, the company posted earnings per share of $0.89. The company’s quarterly revenue decreased 0.7% from the same quarter last year. Research analysts predict that ManTech International will post EPS of 3.51 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25. Shareholders of record on Friday, March 11 received a dividend of $0.41 per share. The ex-dividend date was Thursday, March 10. This represents a dividend of $1.64 on an annualized basis and a yield of 1.90%. This is an increase from ManTech International’s previous quarterly dividend of $0.38. ManTech International’s payout ratio is currently 49.10%.
In other ManTech International news, major shareholder George J. Pedersen sold 9,384,843 shares of ManTech International in a trade on Tuesday, March 29. The shares were sold at an average price of $78.22, for a total transaction of $734,082,419.46. The transaction was disclosed in a document filed with the SEC, accessible via this link. 33.59% of the shares are held by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Global Investments acquired a new stake in ManTech International during the third quarter at a value of $304,000. 6 Meridian bought a new position in shares of ManTech International during the third quarter at a value of $381,000. Truist Financial Corp increased its holdings of ManTech International shares by 82.8% during the third quarter. Truist Financial Corp now owns 4,883 shares of the technology company valued at $370,000 after acquiring 2,212 additional shares during the period. Deutsche Bank AG increased its holdings of ManTech International shares by 5.7% during the third quarter. Deutsche Bank AG now owns 71,830 shares of the technology company valued at $5,453,000 after acquiring 3,896 additional shares during the period. Finally, Stanley Laman Group Ltd. increased its equity stake in ManTech International by 11.7% during the third quarter. Stanley Laman Group Ltd. now owns 18,614 shares of the technology company valued at $1,413,000 after acquiring an additional 1,945 shares during the period. Hedge funds and other institutional investors hold 96.44% of the company’s shares.
About ManTech International (Get a rating)
ManTech International Corporation provides technology solutions and services for the U.S. defense, intelligence community, and federal civilian agencies worldwide. The Company offers cybersecurity solutions and services, including security operations, threat intelligence, incident response and forensics, border defense, security systems engineering, infrastructure security, computer forensics and exploitation.
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