Follow The Ratings: Is ManTech (NASDAQ:MANT) a Stock to Sell After Maxim Group Downgrade?

November 30, 2016 - By Darrin Black

Follow The Ratings:  Is ManTech (NASDAQ:MANT) a Stock to Sell After Maxim Group Downgrade?

ManTech (NASDAQ:MANT) Downgrade

ManTech (NASDAQ:MANT) was lowered by Maxim Group from “Buy” rating to “Hold” rating in a research report made public on Wednesday morning. The firm currently has a $44 PT on the stock. Maxim Group’s PT suggests a potential downside of -1.85% from the stock’s last stock price.

Mantech International Corp (NASDAQ:MANT) Ratings Coverage

Out of 6 analysts covering Mantech International Corporation (NASDAQ:MANT), 1 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 17% are positive. $44 is the highest target while $31 is the lowest. The $36.67 average target is -18.20% below today’s ($44.83) stock price. Mantech International Corporation has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Mantech International Corp (NASDAQ:MANT) has “Underperform” rating given on Wednesday, January 20 by Jefferies. Maxim Group maintained it with “Buy” rating and $44 target price in Thursday, February 18 report. As per Thursday, September 29, the company rating was downgraded by Credit Suisse. The rating was initiated by BB&T Capital on Tuesday, July 28 with “Hold”. The rating was initiated by Drexel Hamilton on Wednesday, November 16 with “Hold”. Credit Suisse upgraded the shares of MANT in a report on Thursday, April 28 to “Neutral” rating. As per Thursday, July 30, the company rating was maintained by RBC Capital Markets. The stock of Mantech International Corp (NASDAQ:MANT) has “Buy” rating given on Saturday, August 22 by TheStreet. Wells Fargo downgraded the shares of MANT in a report on Tuesday, August 30 to “Underperform” rating.

The stock closed at $44.83 during the last session. It is down 36.76% since April 27, 2016 and is uptrending. It has outperformed by 31.53% the S&P500.

Analysts await Mantech International Corp (NASDAQ:MANT) to report earnings on February, 15. They expect $0.35 EPS, down 5.41% or $0.02 from last year’s $0.37 per share. MANT’s profit will be $13.58 million for 32.02 P/E if the $0.35 EPS becomes a reality. After $0.38 actual EPS reported by Mantech International Corp for the previous quarter, Wall Street now forecasts -7.89% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.49 in 2016 Q2. Its down 0.10, from 1.59 in 2016Q1. The ratio dropped, as 13 funds sold all Mantech International Corp shares owned while 38 reduced positions. 21 funds bought stakes while 60 increased positions. They now own 21.12 million shares or 1.71% more from 20.76 million shares in 2016Q1.

West Coast Ltd Llc holds 1.2% of its portfolio in Mantech International Corp (NASDAQ:MANT) for 87,501 shares. Robeco Institutional Asset Bv holds 0.06% or 219,298 shares in its portfolio. Blackrock Fund last reported 0.02% of its portfolio in the stock. Fmr Llc accumulated 1.43 million shares or 0.01% of the stock. Retail Bank Of Montreal Can, a Ontario – Canada-based fund reported 1,271 shares. Impact Advsr Limited Liability last reported 0.45% of its portfolio in the stock. Axa has 72,000 shares for 0.01% of their US portfolio. Heartland Advsrs holds 708,170 shares or 1.51% of its portfolio. Wedge Capital Mngmt L L P Nc has 0.01% invested in the company for 22,200 shares. Great West Life Assurance Can holds 3,803 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa accumulated 10,578 shares or 0% of the stock. Acadian Asset Management Lc has invested 0.19% of its portfolio in Mantech International Corp (NASDAQ:MANT). Principal Financial Gru Incorporated owns 173,202 shares or 0.01% of their US portfolio. The New Jersey-based Bessemer Group Inc Inc has invested 0% in Mantech International Corp (NASDAQ:MANT). Barclays Public Ltd holds 1,609 shares or 0% of its portfolio.

Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 10 sales for $5.12 million net activity. The insider KERR RICHARD J sold 600 shares worth $25,842. 15,000 Mantech International Corp (NASDAQ:MANT) shares with value of $593,700 were sold by Varner L. William. Another trade for 13,900 shares valued at $566,703 was made by Bjornaas Judith L on Tuesday, August 23. Keefe Daniel J also sold $1.48M worth of Mantech International Corp (NASDAQ:MANT) shares. 13,949 Mantech International Corp (NASDAQ:MANT) shares with value of $573,862 were sold by Phillips Kevin M.

ManTech International Corporation is a well-known provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation ; the space community, and other United States Government customers. The company has a market cap of $1.74 billion. The Firm offers an array of information technology (IT) and technical services solutions under contracts with the United States Government. It has a 30.17 P/E ratio. It supports national security missions and provides services to over 50 federal government agencies under approximately 1,000 contracts.

According to Zacks Investment Research, “ManTech International Corporation delivers a broad array of information technology and technical services solutions to U.S. federal government customers, focusing primarily on critical national defense programs for the intelligence community and Department of Defense. They design, develop, procure, implement, operate, test and maintain mission-critical, enterprise information technology and communication systems and infrastructures for federal government customers in the United States and worldwide.”

MANT Company Profile

ManTech International Corporation (ManTech), incorporated on November 14, 2001, is a well-known provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers. The Firm offers an array of information technology (IT) and technical services solutions under contracts with the United States Government. The Firm supports national security missions, such as military readiness and wellness, terrorist threat detection, information security and border protection, and providing services to over 50 federal government agencies under approximately 1,000 contracts. The Company’s solutions and services include cybersecurity; software and systems development; enterprise information technology; multi-disciplined intelligence; program protection and mission assurance; systems engineering; test and evaluation (T&E); command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); training; supply chain management and logistics, and management consulting.

More news for Mantech International Corp (NASDAQ:MANT) were recently published by: Bizjournals.com, which released: “ManTech to pay $2M in damages to former employees alleging retaliation” on November 21, 2016. Bizjournals.com‘s article titled: “​Will ManTech make that big acquisition after the presidential election?” and published on November 03, 2016 is yet another important article.

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