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

Shares of ManTech International Co. (NASDAQ:MANT – Get Rating) have been given a consensus rating of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $86.67.

A number of analysts have issued reports on MANT shares. Wells Fargo & Company lifted their price target on ManTech International from $77.00 to $89.00 and gave the stock an “equal weight” rating in a report on Thursday, March 24th. Bank of America raised ManTech International from an “underperform” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, February 4th. Truist Financial boosted their target price on ManTech International from $84.00 to $96.00 in a report on Tuesday, May 17th. StockNews.com raised ManTech International from a “hold” rating to a “buy” rating in a report on Monday, May 16th. Finally, Stifel Nicolaus initiated coverage on ManTech International in a report on Thursday, March 17th. They issued a “hold” rating for the company.

In other ManTech International news, major shareholder George J. Pedersen sold 9,384,843 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $78.22, for a total transaction of $734,082,419.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 33.59% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in ManTech International by 4.4% during the 1st quarter. BlackRock Inc. now owns 4,560,641 shares of the technology company’s stock valued at $393,083,000 after acquiring an additional 190,472 shares during the last quarter. Dimensional Fund Advisors LP increased its position in ManTech International by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,592,588 shares of the technology company’s stock worth $137,266,000 after purchasing an additional 4,418 shares during the period. Brown Advisory Inc. increased its position in ManTech International by 0.8% during the 1st quarter. Brown Advisory Inc. now owns 1,107,296 shares of the technology company’s stock worth $95,357,000 after purchasing an additional 8,683 shares during the period. State Street Corp increased its position in ManTech International by 0.8% during the 1st quarter. State Street Corp now owns 1,055,696 shares of the technology company’s stock worth $90,990,000 after purchasing an additional 8,632 shares during the period. Finally, Victory Capital Management Inc. increased its position in ManTech International by 19.9% during the 1st quarter. Victory Capital Management Inc. now owns 911,420 shares of the technology company’s stock worth $78,521,000 after purchasing an additional 151,027 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MANT opened at $94.60 on Friday. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 10.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.66. The business has a 50-day moving average of $85.32 and a two-hundred day moving average of $79.12. ManTech International has a 1 year low of $66.91 and a 1 year high of $94.74.

ManTech International (NASDAQ:MANT – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $675.50 million during the quarter, compared to the consensus estimate of $639.43 million. ManTech International had a return on equity of 9.15% and a net margin of 5.24%. ManTech International’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, equities research analysts expect that ManTech International will post 3.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, June 9th. ManTech International’s dividend payout ratio is presently 49.55%.

ManTech International Company Profile (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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