Mantech International (MANT) Upgraded to “Buy” by BidaskClub

Mantech International (NASDAQ:MANT) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Loop Capital increased their price objective on shares of Mantech International to $80.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Wells Fargo & Co increased their price objective on shares of Mantech International from $58.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 2nd. Noble Financial reissued a “hold” rating on shares of Mantech International in a research report on Friday, August 3rd. SunTrust Banks reissued a “buy” rating and set a $70.00 price objective on shares of Mantech International in a research report on Thursday, August 2nd. Finally, Credit Suisse Group increased their price objective on shares of Mantech International from $47.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Mantech International has a consensus rating of “Buy” and an average target price of $64.63.

MANT stock opened at $60.42 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 37.30, a P/E/G ratio of 3.45 and a beta of 0.97. Mantech International has a 1 year low of $46.00 and a 1 year high of $68.11.

Mantech International (NASDAQ:MANT) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The company had revenue of $497.20 million for the quarter, compared to analysts’ expectations of $487.86 million. Mantech International had a net margin of 6.77% and a return on equity of 5.84%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, research analysts forecast that Mantech International will post 2.09 earnings per share for the current fiscal year.

In related news, CEO Kevin M. Phillips sold 63,645 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $65.36, for a total value of $4,159,837.20. Following the transaction, the chief executive officer now owns 84,046 shares of the company’s stock, valued at approximately $5,493,246.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard J. Kerr sold 1,592 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $62.95, for a total transaction of $100,216.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,237 shares of company stock worth $5,259,204. 22.28% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MANT. OppenheimerFunds Inc. lifted its position in Mantech International by 1,577.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 336,309 shares of the technology company’s stock valued at $18,039,000 after acquiring an additional 316,266 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Mantech International by 215.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 407,897 shares of the technology company’s stock valued at $25,820,000 after acquiring an additional 278,769 shares in the last quarter. BlackRock Inc. lifted its position in Mantech International by 8.1% in the 2nd quarter. BlackRock Inc. now owns 3,621,012 shares of the technology company’s stock valued at $194,230,000 after acquiring an additional 270,010 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in Mantech International in the 2nd quarter valued at about $13,137,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Mantech International by 77.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 543,956 shares of the technology company’s stock worth $29,178,000 after buying an additional 237,373 shares in the last quarter. 63.39% of the stock is currently owned by institutional investors and hedge funds.

Mantech International Company Profile

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.

Featured Article: Yield Curve

Analyst Recommendations for Mantech International (NASDAQ:MANT)

Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply