Mantech International Corp (MANT) Earns Sell Rating from Credit Suisse Group AG

Credit Suisse Group AG restated their sell rating on shares of Mantech International Corp (NASDAQ:MANT) in a research note issued to investors on Friday, May 5th. The brokerage currently has a $36.00 target price on the technology company’s stock.

MANT has been the subject of several other reports. TheStreet lowered shares of Mantech International Corp from a b rating to a c+ rating in a research note on Thursday, February 23rd. Zacks Investment Research upgraded shares of Mantech International Corp from a sell rating to a hold rating in a research note on Thursday, March 30th. Maxim Group upgraded shares of Mantech International Corp from a hold rating to a buy rating and set a $44.00 price objective for the company in a research note on Wednesday, March 8th. Jefferies Group LLC restated an underperform rating and set a $30.00 price objective on shares of Mantech International Corp in a research note on Thursday, February 23rd. Finally, Loop Capital started coverage on shares of Mantech International Corp in a research note on Tuesday, January 10th. They set a hold rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $38.83.

Mantech International Corp (NASDAQ:MANT) traded up 0.48% during trading on Friday, hitting $37.95. 114,737 shares of the stock were exchanged. The firm’s 50-day moving average is $36.24 and its 200 day moving average is $38.93. Mantech International Corp has a 52 week low of $32.73 and a 52 week high of $45.52. The firm has a market cap of $1.47 billion, a PE ratio of 25.20 and a beta of 1.35.

Mantech International Corp (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $418.37 million during the quarter, compared to analyst estimates of $402.15 million. Mantech International Corp had a net margin of 3.51% and a return on equity of 4.70%. Analysts expect that Mantech International Corp will post $1.50 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, June 7th. Mantech International Corp’s payout ratio is 28.19%.

In other Mantech International Corp news, COO Kevin M. Phillips sold 15,000 shares of Mantech International Corp stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $35.96, for a total transaction of $539,400.00. Following the transaction, the chief operating officer now owns 32,656 shares of the company’s stock, valued at $1,174,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider L. William Varner sold 12,500 shares of Mantech International Corp stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $36.18, for a total transaction of $452,250.00. Following the transaction, the insider now directly owns 12,500 shares in the company, valued at approximately $452,250. The disclosure for this sale can be found here. Insiders have sold 46,200 shares of company stock worth $1,714,966 in the last ninety days. Insiders own 22.28% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its stake in Mantech International Corp by 7.4% in the third quarter. Acrospire Investment Management LLC now owns 2,900 shares of the technology company’s stock valued at $109,000 after buying an additional 200 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in Mantech International Corp during the fourth quarter valued at about $202,000. Mason Street Advisors LLC boosted its stake in Mantech International Corp by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock valued at $207,000 after buying an additional 436 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mantech International Corp by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock valued at $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 Mantech International Corp 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 valued at $236,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 62.93% of the company’s stock.

About Mantech International Corp

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.

12 Month Chart for NASDAQ:MANT

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