Mantech International (NASDAQ:MANT) Lifted to Strong-Buy at BidaskClub

Mantech International (NASDAQ:MANT) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday, May 6th, BidAskClub reports.

Several other research analysts also recently commented on the stock. ValuEngine downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Cowen reiterated a “buy” rating and set a $65.00 target price on shares of Mantech International in a report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded shares of Mantech International from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Saturday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Mantech International currently has a consensus rating of “Buy” and an average price target of $66.43.

MANT stock traded down $0.16 during trading on Monday, hitting $61.77. The company had a trading volume of 46,700 shares, compared to its average volume of 131,549. The company has a market capitalization of $2.48 billion, a PE ratio of 29.99, a P/E/G ratio of 3.40 and a beta of 0.98. Mantech International has a 52-week low of $48.25 and a 52-week high of $68.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 2.02.

Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $501.90 million for the quarter, compared to the consensus estimate of $507.79 million. Mantech International had a net margin of 4.18% and a return on equity of 5.97%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Sell-side analysts forecast that Mantech International will post 2.28 EPS for the current fiscal year.

In related news, insider Judith L. Bjornaas sold 3,670 shares of Mantech International stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $53.84, for a total value of $197,592.80. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $538,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Judith L. Bjornaas sold 12,000 shares of Mantech International stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $62.90, for a total transaction of $754,800.00. Following the completion of the sale, the chief financial officer now owns 22,000 shares of the company’s stock, valued at $1,383,800. The disclosure for this sale can be found here. 33.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its position in Mantech International by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,280 shares of the technology company’s stock worth $555,000 after buying an additional 186 shares during the last quarter. State of Alaska Department of Revenue raised its position in Mantech International by 2.2% during the 4th quarter. State of Alaska Department of Revenue now owns 8,876 shares of the technology company’s stock worth $464,000 after buying an additional 195 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in Mantech International by 3.9% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,315 shares of the technology company’s stock worth $330,000 after buying an additional 235 shares during the last quarter. Comerica Bank raised its position in Mantech International by 1.1% during the 4th quarter. Comerica Bank now owns 25,867 shares of the technology company’s stock worth $1,412,000 after buying an additional 274 shares during the last quarter. Finally, Quantamental Technologies LLC raised its position in Mantech International by 20.7% during the 1st quarter. Quantamental Technologies LLC now owns 1,649 shares of the technology company’s stock worth $89,000 after buying an additional 283 shares during the last quarter. 64.01% of the stock is owned by institutional investors.

Mantech International Company Profile

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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