Brokerages Set Mantech International Corp (NASDAQ:MANT) PT at $79.00

Mantech International Corp (NASDAQ:MANT) has received an average recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $79.00.

MANT has been the subject of a number of research analyst reports. Morgan Stanley set a $66.00 target price on shares of Mantech International and gave the stock a “hold” rating in a research note on Wednesday, August 21st. BidaskClub raised shares of Mantech International from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “strong-buy” rating and set a $91.00 target price for the company in a research note on Saturday, November 2nd. SunTrust Banks lowered shares of Mantech International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Monday, November 25th. Finally, ValuEngine lowered shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Friday, September 20th.

In related news, CFO Judith L. Bjornaas sold 9,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $80.98, for a total value of $728,820.00. 33.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of MANT. Invesco Ltd. boosted its stake in shares of Mantech International by 240.1% during the 2nd quarter. Invesco Ltd. now owns 736,476 shares of the technology company’s stock worth $48,497,000 after buying an additional 519,916 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mantech International by 57.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 979,039 shares of the technology company’s stock worth $63,754,000 after buying an additional 357,579 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Mantech International during the 2nd quarter worth about $21,059,000. BlackRock Inc. boosted its stake in shares of Mantech International by 2.6% during the 2nd quarter. BlackRock Inc. now owns 4,232,504 shares of the technology company’s stock worth $278,711,000 after buying an additional 105,706 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Mantech International by 1,201.9% during the 3rd quarter. Millennium Management LLC now owns 102,394 shares of the technology company’s stock worth $7,311,000 after buying an additional 94,529 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

MANT opened at $78.17 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.09. Mantech International has a 12 month low of $48.25 and a 12 month high of $86.28. The company has a fifty day simple moving average of $76.09 and a 200 day simple moving average of $69.47. The stock has a market cap of $3.12 billion, a P/E ratio of 37.95, a P/E/G ratio of 4.02 and a beta of 0.86.

Mantech International (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.09. The business had revenue of $579.18 million during the quarter, compared to analysts’ expectations of $558.39 million. Mantech International had a net margin of 4.42% and a return on equity of 6.56%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. On average, equities research analysts expect that Mantech International will post 2.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, December 5th. Mantech International’s payout ratio is presently 52.43%.

About Mantech International

ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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.

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Analyst Recommendations for Mantech International (NASDAQ:MANT)

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