ManTech International Co. (NASDAQ:MANT) Given Consensus Rating of “Hold” by Brokerages

ManTech International Co. (NASDAQ:MANTGet Rating) has earned an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $86.67.

Several analysts recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of ManTech International in a report on Thursday, March 17th. They issued a “hold” rating on the stock. Morgan Stanley boosted their price objective on shares of ManTech International to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, May 17th. Wells Fargo & Company boosted their price objective on shares of ManTech International from $77.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, March 24th. William Blair upgraded shares of ManTech International from a “market perform” rating to an “outperform” rating in a report on Monday, May 16th. Finally, StockNews.com downgraded ManTech International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th.

NASDAQ MANT opened at $95.27 on Thursday. ManTech International has a 52 week low of $66.91 and a 52 week high of $95.98. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $89.46 and its 200-day simple moving average is $82.35. The firm has a market cap of $3.90 billion, a PE ratio of 28.78, a P/E/G ratio of 10.95 and a beta of 0.73.

ManTech International (NASDAQ:MANTGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.83 by $0.06. ManTech International had a return on equity of 9.15% and a net margin of 5.24%. The business had revenue of $675.50 million for the quarter, compared to analyst estimates of $639.43 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts expect that ManTech International will post 3.52 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, June 9th. ManTech International’s dividend payout ratio is currently 49.55%.

In other news, major shareholder George J. Pedersen sold 9,384,843 shares of the business’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $78.22, for a total transaction of $734,082,419.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 33.59% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of ManTech International by 13.5% during the first quarter. Bank of America Corp DE now owns 165,171 shares of the technology company’s stock worth $14,235,000 after buying an additional 19,586 shares in the last quarter. Verition Fund Management LLC purchased a new stake in ManTech International during the first quarter worth approximately $2,428,000. Van Hulzen Asset Management LLC lifted its stake in ManTech International by 7.3% during the first quarter. Van Hulzen Asset Management LLC now owns 6,022 shares of the technology company’s stock worth $519,000 after purchasing an additional 411 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in ManTech International by 34.7% during the first quarter. Advisors Asset Management Inc. now owns 24,516 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 6,319 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in ManTech International during the first quarter worth approximately $3,183,000. 97.93% of the stock is owned by institutional investors and hedge funds.

About ManTech International (Get Rating)

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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