BidaskClub Lowers Mantech International (NASDAQ:MANT) to Strong Sell

BidaskClub lowered shares of Mantech International (NASDAQ:MANT) from a sell rating to a strong sell rating in a report released on Friday morning, BidAskClub reports.

A number of other equities analysts have also recently issued reports on the company. Alliance Global Partners upgraded Mantech International from a neutral rating to a buy rating and raised their target price for the stock from $88.00 to $90.00 in a report on Thursday, July 30th. SunTrust Banks reduced their target price on Mantech International from $88.00 to $80.00 and set a hold rating on the stock in a report on Thursday, July 30th. Morgan Stanley raised their target price on Mantech International from $76.00 to $77.00 and gave the stock an equal weight rating in a report on Tuesday, August 4th. Finally, Zacks Investment Research upgraded Mantech International from a hold rating to a buy rating and set a $78.00 target price on the stock in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $81.71.

Shares of NASDAQ:MANT opened at $70.29 on Friday. Mantech International has a twelve month low of $55.25 and a twelve month high of $93.99. The firm has a market cap of $3.00 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 3.17 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.55 and a current ratio of 1.55. The business has a fifty day moving average of $73.60 and a 200-day moving average of $72.35.

Mantech International (NASDAQ:MANT) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.18. Mantech International had a return on equity of 8.51% and a net margin of 5.24%. The company had revenue of $632.50 million during the quarter, compared to analyst estimates of $569.69 million. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Mantech International will post 3.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, September 10th. Mantech International’s dividend payout ratio (DPR) is presently 43.99%.

Several large investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its position in Mantech International by 110.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,118 shares of the technology company’s stock valued at $77,000 after buying an additional 587 shares during the last quarter. Neuberger Berman Group LLC raised its position in Mantech International by 15.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,371 shares of the technology company’s stock valued at $231,000 after buying an additional 450 shares during the last quarter. AQR Capital Management LLC raised its position in Mantech International by 12.1% in the 2nd quarter. AQR Capital Management LLC now owns 10,241 shares of the technology company’s stock valued at $701,000 after buying an additional 1,107 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Mantech International in the 2nd quarter valued at approximately $888,000. Finally, California State Teachers Retirement System raised its position in Mantech International by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 40,897 shares of the technology company’s stock valued at $2,801,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.

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.

Read More: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Mantech International (NASDAQ:MANT)

Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.