November 30, 2016 - By Dolores Ford
ManTech International Corporation (NASDAQ:MANT)‘s stock was decreased to a “Hold” by expert analysts at Maxim Group. MANT’s “Buy” rating is no longer valid.
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 -15.39% below today’s ($43.34) stock price. Mantech International Corporation has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Drexel Hamilton initiated the stock with “Hold” rating in Wednesday, November 16 report. The firm has “Sector Perform” rating given on Thursday, July 30 by RBC Capital Markets. The stock has “Underperform” rating given by Wells Fargo on Tuesday, August 30. As per Wednesday, January 20, the company rating was initiated by Jefferies. The rating was downgraded by TheStreet on Saturday, August 22 to “Buy”. The rating was downgraded by Credit Suisse on Thursday, September 29 to “Underperform”. Credit Suisse upgraded the shares of MANT in a report on Thursday, April 28 to “Neutral” rating. The stock has “Hold” rating given by BB&T Capital on Tuesday, July 28. Maxim Group maintained Mantech International Corp (NASDAQ:MANT) on Thursday, February 18 with “Buy” rating.
About 76,013 shares traded hands. Mantech International Corp (NASDAQ:MANT) has risen 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 $13.57M for 30.96 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 worsened, 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.
Profund Advsr Limited Liability Company last reported 0.01% of its portfolio in the stock. Moreover, State Of Tennessee Treasury Department has 0% invested in Mantech International Corp (NASDAQ:MANT) for 18,742 shares. Creative Planning accumulated 0% or 2 shares. Fuller & Thaler Asset Mngmt, a California-based fund reported 1,000 shares. The California-based Blackrock Institutional Trust Na has invested 0% in Mantech International Corp (NASDAQ:MANT). West Coast holds 87,501 shares or 1.2% of its portfolio. Victory, a Ohio-based fund reported 1.16M shares. Rhumbline Advisers has 36,435 shares for 0% of their US portfolio. Metropolitan Life Insur New York holds 0.01% of its portfolio in Mantech International Corp (NASDAQ:MANT) for 18,357 shares. Moreover, Argyle Mgmt Incorporated has 0.55% invested in Mantech International Corp (NASDAQ:MANT) for 34,000 shares. State Street owns 517,836 shares or 0% of their US portfolio. The New York-based Qs Invsts Llc has invested 0.01% in Mantech International Corp (NASDAQ:MANT). Ny State Common Retirement Fund accumulated 388,784 shares or 0.02% of the stock. Louisiana State Employees Retirement System accumulated 10,900 shares or 0.02% of the stock. Sheets Smith Wealth Management last reported 0.07% of its portfolio in the stock.
Insider Transactions: Since August 1, 2016, the stock had 0 insider buys, and 10 insider sales for $5.12 million net activity. 37,500 shares with value of $1.48 million were sold by Keefe Daniel J on Monday, August 1. Bjornaas Judith L sold $566,703 worth of stock. 580 Mantech International Corp (NASDAQ:MANT) shares with value of $24,969 were sold by KERR RICHARD J. On Monday, August 1 Varner L. William sold $593,700 worth of the stock or 15,000 shares. Another trade for 13,949 shares valued at $573,862 was 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 $1.68 billion. The Firm offers an array of information technology (IT) and technical services solutions under contracts with the United States Government. It has a 29.17 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.”
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: “â€‹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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By Dolores Ford