The stock of Mantech International Corp (NASDAQ:MANT) hit a new 52-week high and has $55.58 target or 28.00% above today’s $43.42 share price. The 7 months bullish chart indicates low risk for the $1.68B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $55.58 price target is reached, the company will be worth $470.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 138,874 shares traded hands or 12.32% up from the average. Mantech International Corp (NASDAQ:MANT) has risen 38.88% since April 15, 2016 and is uptrending. It has outperformed by 34.25% the S&P500.
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. Mantech International Corporation has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was initiated by Jefferies on Wednesday, January 20 with “Underperform”. The rating was initiated by BB&T Capital on Tuesday, July 28 with “Hold”. The stock has “Hold” rating given by Drexel Hamilton on Wednesday, November 16. The firm has “Neutral” rating by Credit Suisse given on Thursday, April 28. The rating was maintained by Maxim Group with “Buy” on Thursday, February 18. The rating was downgraded by Wells Fargo to “Underperform” on Tuesday, August 30. The firm earned “Sector Perform” rating on Thursday, July 30 by RBC Capital Markets. The firm earned “Underperform” rating on Thursday, September 29 by Credit Suisse. On Saturday, August 22 the stock rating was downgraded by TheStreet to “Buy”.
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.”
Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.30, from 1.29 in 2016Q1. The ratio is positive, 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.
Credit Suisse Ag last reported 30,325 shares in the company. Argyle Capital Mngmt reported 34,000 shares or 0.55% of all its holdings. Cap Impact Advisors Limited Liability accumulated 25,422 shares or 0.45% of the stock. Sheets Smith Wealth Mgmt owns 6,395 shares or 0.07% of their US portfolio. Netols Asset Mngmt Incorporated last reported 2.07% of its portfolio in the stock. Springbok Capital Management Ltd holds 0.01% of its portfolio in Mantech International Corp (NASDAQ:MANT) for 2,000 shares. Bank Of Ny Mellon Corporation accumulated 346,001 shares or 0% of the stock. Tiaa Cref Investment Mngmt Limited Liability Company last reported 0% of its portfolio in the stock. Jpmorgan Chase And last reported 23,353 shares in the company. Moreover, West Coast Fincl Limited Liability Com has 1.2% invested in Mantech International Corp (NASDAQ:MANT) for 87,501 shares. Comerica Savings Bank holds 24,480 shares or 0.01% of its portfolio. Adage Capital Ptnrs Grp Ltd Co has 36,355 shares for 0% of their US portfolio. Panagora Asset has 3,453 shares for 0% of their US portfolio. Capstone Asset Mngmt has invested 0.01% of its portfolio in Mantech International Corp (NASDAQ:MANT). Convergence Inv Prtn Ltd Limited Liability Company, a Wisconsin-based fund reported 50,332 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 9 selling transactions for $5.50 million net activity. Bjornaas Judith L had sold 10,000 shares worth $429,800 on Tuesday, November 15. The insider Keefe Daniel J sold $501,125. Shares for $593,700 were sold by Varner L. William. 13,949 Mantech International Corp (NASDAQ:MANT) shares with value of $573,862 were sold by Phillips Kevin M.
Another recent and important Mantech International Corp (NASDAQ:MANT) news was published by Bizjournals.com which published an article titled: “â€‹Will ManTech make that big acquisition after the presidential election?” on November 03, 2016.
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.
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