ManTech International Corporation’s (MANT) Sell Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their sell rating on shares of ManTech International Corporation (NASDAQ:MANT) in a research note released on Monday, May 15th, StockTargetPrices.com reports. The firm currently has a $36.00 price objective on the technology company’s stock.

Several other research analysts also recently weighed in on MANT. Jefferies Group LLC reissued an underperform rating and issued a $30.00 target price on shares of ManTech International Corporation in a research report on Thursday, February 23rd. Zacks Investment Research downgraded shares of ManTech International Corporation from a hold rating to a sell rating in a research report on Saturday, February 25th. TheStreet downgraded shares of ManTech International Corporation from a b rating to a c+ rating in a research report on Thursday, February 23rd. Maxim Group raised shares of ManTech International Corporation from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research report on Wednesday, March 8th. Finally, Wells Fargo & Company raised shares of ManTech International Corporation from an underperform rating to a market perform rating in a research report on Thursday, March 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. ManTech International Corporation currently has an average rating of Hold and an average target price of $40.00.

ManTech International Corporation (NASDAQ:MANT) traded down 4.01% during mid-day trading on Monday, hitting $38.81. 325,121 shares of the stock traded hands. The stock has a 50 day moving average price of $38.78 and a 200 day moving average price of $38.67. ManTech International Corporation has a 12-month low of $33.50 and a 12-month high of $45.52. The firm has a market cap of $1.51 billion, a PE ratio of 25.77 and a beta of 0.99.

ManTech International Corporation (NASDAQ:MANT) last released its earnings results on Wednesday, May 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $418.37 million for the quarter, compared to the consensus estimate of $402.15 million. ManTech International Corporation had a net margin of 3.57% and a return on equity of 4.72%. On average, analysts expect that ManTech International Corporation will post $1.50 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, June 7th. ManTech International Corporation’s dividend payout ratio is 27.81%.

In other ManTech International Corporation news, insider Daniel J. Keefe sold 9,989 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $38.66, for a total value of $386,174.74. Following the completion of the sale, the insider now directly owns 9,989 shares of the company’s stock, valued at $386,174.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Armitage sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.01, for a total transaction of $120,030.00. Following the completion of the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $160,040. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock valued at $1,326,747 over the last three months. Insiders own 22.28% of the company’s stock.

Several hedge funds have recently modified their holdings of MANT. Acrospire Investment Management LLC boosted its stake in shares of ManTech International Corporation by 7.4% in the third quarter. Acrospire Investment Management LLC now owns 2,900 shares of the technology company’s stock worth $109,000 after buying an additional 200 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of ManTech International Corporation during the fourth quarter worth $202,000. Mason Street Advisors LLC boosted its stake in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock worth $207,000 after buying an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ManTech International Corporation by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock worth $235,000 after buying an additional 2,053 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of ManTech International Corporation by 3.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,825 shares of the technology company’s stock worth $236,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 62.89% of the company’s stock.

ManTech International Corporation 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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