Mantech International (MANT) Downgraded by BidaskClub to “Sell”
Mantech International (NASDAQ:MANT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.
Several other analysts have also commented on MANT. Loop Capital raised their price target on shares of Mantech International to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday. Maxim Group restated a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Mantech International in a research report on Wednesday, September 20th. Cowen restated a “buy” rating and set a $49.00 price target on shares of Mantech International in a research report on Thursday, October 12th. Finally, Wells Fargo & Co lifted their target price on shares of Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Four 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. Mantech International currently has an average rating of “Hold” and a consensus target price of $47.86.
Shares of Mantech International (NASDAQ:MANT) opened at $51.90 on Friday. The company has a market cap of $2,020.00, a price-to-earnings ratio of 33.92, a P/E/G ratio of 3.72 and a beta of 0.97. Mantech International has a 52-week low of $33.50 and a 52-week high of $53.29.
Mantech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The company had revenue of $422.70 million for the quarter, compared to analyst estimates of $427.44 million. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. research analysts forecast that Mantech International will post 1.56 earnings per share for the current fiscal year.
In related news, insider Daniel J. Keefe sold 6,500 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $49.85, for a total transaction of $324,025.00. Following the transaction, the insider now directly owns 6,500 shares in the company, valued at $324,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary K. Bush sold 1,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total transaction of $50,450.00. Following the transaction, the director now owns 7,540 shares in the company, valued at $380,393. The disclosure for this sale can be found here. Insiders have sold 65,500 shares of company stock worth $3,206,080 over the last 90 days. 35.06% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AXA boosted its position in Mantech International by 11.0% during the third quarter. AXA now owns 124,800 shares of the technology company’s stock worth $5,510,000 after acquiring an additional 12,326 shares during the last quarter. Algert Global LLC purchased a new position in Mantech International during the third quarter worth about $1,264,000. California Public Employees Retirement System raised its stake in Mantech International by 9.9% during the third quarter. California Public Employees Retirement System now owns 18,345 shares of the technology company’s stock worth $810,000 after purchasing an additional 1,645 shares during the period. Jane Street Group LLC purchased a new position in Mantech International during the third quarter worth about $559,000. Finally, Dimensional Fund Advisors LP raised its stake in Mantech International by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock worth $95,354,000 after purchasing an additional 10,337 shares during the period. Hedge funds and other institutional investors own 63.24% of the company’s stock.
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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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