The stock of Mantech International Corp (NASDAQ:MANT) hit a new 52-week high and has $46.80 target or 4.00% above today’s $45.00 share price. The 7 months bullish chart indicates low risk for the $1.75 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $46.80 price target is reached, the company will be worth $70.00M 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. The stock increased 1.15% or $0.51 during the last trading session, hitting $45. About 38,747 shares traded hands. Mantech International Corp (NASDAQ:MANT) has risen 38.30% since April 22, 2016 and is uptrending. It has outperformed by 32.89% the S&P500.
Analysts await Mantech International Corp (NASDAQ:MANT) to report earnings on February, 15. They expect $0.35 earnings per share, down 5.41% or $0.02 from last year’s $0.37 per share. MANT’s profit will be $13.61M for 32.14 P/E if the $0.35 EPS becomes a reality. After $0.38 actual earnings per share reported by Mantech International Corp for the previous quarter, Wall Street now forecasts -7.89% negative EPS growth.
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 firm has “Underperform” rating given on Thursday, September 29 by Credit Suisse. The stock has “Hold” rating given by BB&T Capital on Tuesday, July 28. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, July 30. TheStreet downgraded Mantech International Corp (NASDAQ:MANT) on Saturday, August 22 to “Buy” rating. The firm has “Neutral” rating by Credit Suisse given on Thursday, April 28. On Thursday, February 18 the stock rating was maintained by Maxim Group with “Buy”. The firm earned “Hold” rating on Wednesday, November 16 by Drexel Hamilton. The rating was downgraded by Wells Fargo on Tuesday, August 30 to “Underperform”.
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 decreased to 1.49 in Q2 2016. Its down 0.10, from 1.59 in 2016Q1. The ratio fall, 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.
Horizon Kinetics Ltd accumulated 25,000 shares or 0.02% of the stock. Alliancebernstein Ltd Partnership reported 94,720 shares or 0% of all its holdings. Us Comml Bank De holds 0% of its portfolio in Mantech International Corp (NASDAQ:MANT) for 21,551 shares. Invesco owns 283,028 shares or 0% of their US portfolio. Chicago Equity Prtnrs Limited Liability Company accumulated 42,960 shares or 0.05% of the stock. Moreover, Los Angeles Capital Mngmt Equity Research Inc has 0% invested in Mantech International Corp (NASDAQ:MANT) for 7,680 shares. Royal Bank & Trust Of Canada reported 816 shares or 0% of all its holdings. Denver Inv Advisors Lc has 0.57% invested in the company for 333,981 shares. The Colorado-based Rk Management Ltd Limited Liability Company has invested 1.34% in Mantech International Corp (NASDAQ:MANT). The Georgia-based Voya Investment Mgmt Ltd Liability Company has invested 0% in Mantech International Corp (NASDAQ:MANT). Dimensional Fund Advsrs Ltd Partnership last reported 1.97M shares in the company. The California-based Blackrock Institutional Na has invested 0% in Mantech International Corp (NASDAQ:MANT). Netols Asset Mngmt has 2.07% invested in the company for 241,782 shares. Citigroup accumulated 20,357 shares or 0% of the stock. Blackrock Incorporated has 1,785 shares for 0% of their US portfolio.
Insider Transactions: Since August 1, 2016, the stock had 0 buys, and 10 insider sales for $5.12 million net activity. On Monday, November 14 the insider Keefe Daniel J sold $533,250. $24,969 worth of Mantech International Corp (NASDAQ:MANT) was sold by KERR RICHARD J on Friday, November 18. Shares for $429,800 were sold by Bjornaas Judith L. Shares for $573,862 were sold by Phillips Kevin M. $593,700 worth of Mantech International Corp (NASDAQ:MANT) was sold by Varner L. William.
Another recent and important Mantech International Corp (NASDAQ:MANT) news was published by Bizjournals.com which published an article titled: “ManTech to pay $2M in damages to former employees alleging retaliation” on November 21, 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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