Alliance Global Partners upgraded shares of Mantech International (NASDAQ:MANT) from a neutral rating to a buy rating in a report released on Thursday morning, Briefing.com Automated Import reports. Alliance Global Partners currently has $90.00 target price on the technology company’s stock, up from their previous target price of $88.00.
Several other brokerages also recently commented on MANT. Wells Fargo & Co raised shares of Mantech International from an equal weight rating to an overweight rating and dropped their price objective for the company from $87.00 to $83.00 in a research note on Tuesday, May 19th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Mantech International from a hold rating to a sell rating in a research report on Wednesday, July 1st. Morgan Stanley upped their price target on shares of Mantech International from $71.00 to $76.00 and gave the company an equal weight rating in a research report on Tuesday, May 5th. BidaskClub cut shares of Mantech International from a hold rating to a sell rating in a research report on Friday, June 26th. Finally, SunTrust Banks upped their price target on shares of Mantech International from $84.00 to $88.00 and gave the company a hold rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $84.86.
MANT stock traded down $1.17 during trading hours on Thursday, hitting $69.58. 283,006 shares of the stock were exchanged, compared to its average volume of 203,536. The company has a current ratio of 1.55, a quick ratio of 1.71 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.80 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.98 and a beta of 0.72. The company has a 50-day simple moving average of $67.77 and a two-hundred day simple moving average of $74.43. Mantech International has a 12 month low of $55.25 and a 12 month high of $93.99.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.28 annualized dividend and a dividend yield of 1.84%. Mantech International’s payout ratio is presently 43.99%.
In other news, Director Richard L. Armitage sold 4,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $78.23, for a total transaction of $312,920.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at $312,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.49% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in Mantech International in the fourth quarter worth about $3,112,000. Harvest Fund Management Co. Ltd bought a new stake in Mantech International during the 1st quarter valued at approximately $28,000. Marshall Wace North America L.P. bought a new stake in Mantech International during the 4th quarter valued at approximately $33,000. Campbell Wealth Management bought a new stake in Mantech International during the 2nd quarter valued at approximately $34,000. Finally, Flagship Harbor Advisors LLC raised its stake in Mantech International by 406.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 618 shares of the technology company’s stock valued at $42,000 after purchasing an additional 496 shares during the period. 66.07% of the stock is currently 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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