Finally Time To Raise Your Stake? Wells Fargo Upgrades Mantech International (NASDAQ:MANT) Shares

May 17, 2018 - By Jeanette Kaplan

ManTech International Corporation (NASDAQ:MANT) Logo

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.56, from 1.68 in 2017Q3. It worsened, as 18 investors sold ManTech International Corporation shares while 59 reduced holdings. 37 funds opened positions while 49 raised stakes. 23.26 million shares or 1.81% more from 22.85 million shares in 2017Q3 were reported.

Blackrock invested 0.01% in ManTech International Corporation (NASDAQ:MANT). Moreover, Trexquant Invest Limited Partnership has 0.04% invested in ManTech International Corporation (NASDAQ:MANT). Capital Counsel has invested 0.19% of its portfolio in ManTech International Corporation (NASDAQ:MANT). Robeco Institutional Asset Management Bv has 0.01% invested in ManTech International Corporation (NASDAQ:MANT) for 47,271 shares. Millennium Mgmt Limited Liability Corp reported 0% stake. Keybank Natl Association Oh stated it has 25,000 shares. Deutsche Retail Bank Ag holds 0% of its portfolio in ManTech International Corporation (NASDAQ:MANT) for 145,032 shares. Swiss National Bank stated it has 43,687 shares. Texas Permanent School Fund holds 17,443 shares. Massachusetts Fincl Ser Ma reported 0.01% of its portfolio in ManTech International Corporation (NASDAQ:MANT). Brinker Capital Inc reported 0.01% in ManTech International Corporation (NASDAQ:MANT). Rafferty Asset Mngmt Limited Liability Corporation has invested 0.01% of its portfolio in ManTech International Corporation (NASDAQ:MANT). Walleye Trading Limited Liability, a Minnesota-based fund reported 7,935 shares. Natl Bank Of Mellon owns 0.01% invested in ManTech International Corporation (NASDAQ:MANT) for 424,468 shares. Hillsdale Invest Mngmt accumulated 27,200 shares.

Since December 13, 2017, it had 0 buys, and 7 selling transactions for $3.54 million activity. 6,000 shares were sold by MINIHAN KENNETH A, worth $351,840 on Friday, February 23. On Monday, March 5 Bjornaas Judith L sold $558,066 worth of ManTech International Corporation (NASDAQ:MANT) or 9,756 shares. Phillips Kevin M sold 27,056 shares worth $1.54M. BUSH MARY K had sold 1,000 shares worth $50,450.

Mantech International (NASDAQ:MANT) Stock Upgrade

It will be interesting to watch today’s trading of shares of Mantech International (NASDAQ:MANT) as Wells Fargo upped the stock from a “Market Perform” to a respectable “Outperform”.

ManTech International Corporation (NASDAQ:MANT) Ratings Coverage

Among 2 analysts covering ManTech (NASDAQ:MANT), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. ManTech has $6500 highest and $47 lowest target. $56’s average target is 6.00% above currents $52.83 stock price. ManTech had 4 analyst reports since January 12, 2018 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Friday, April 6. Credit Suisse maintained the shares of MANT in report on Friday, February 23 with “Underperform” rating. The stock of ManTech International Corporation (NASDAQ:MANT) earned “Outperform” rating by Cowen & Co on Thursday, February 22. As per Friday, January 12, the company rating was maintained by Cowen & Co.

The stock increased 0.51% or $0.27 during the last trading session, reaching $52.83. About 236,814 shares traded. ManTech International Corporation (NASDAQ:MANT) has risen 57.61% since May 18, 2017 and is uptrending. It has outperformed by 46.06% the S&P500.

Analysts await ManTech International Corporation (NASDAQ:MANT) to report earnings on August, 1. They expect $0.50 EPS, up 25.00 % or $0.10 from last year’s $0.4 per share. MANT’s profit will be $19.77M for 26.42 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by ManTech International Corporation for the previous quarter, Wall Street now forecasts -1.96 % negative EPS growth.

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. The company has market cap of $2.09 billion. It offers cyber security solutions and services. It has a 18.12 P/E ratio. The firm also designs, develops, integrates, operates, and sustains software applications and systems across defense, intelligence, and federal civilian customers; and provides hardware and software to support the technology infrastructure for specific applications, including IT service management, help desk, data center consolidation, enterprise architecture, mobile computing and device management, network activities and infrastructure, virtualization/cloud computing, network and database administration, enterprise systems development and management, and infrastructure as a service.

More notable recent ManTech International Corporation (NASDAQ:MANT) news were published by: Investorplace.com which released: “5 Defense Stocks to Tap US-North Korea Denuclearization Row” on May 17, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018, Globenewswire.com published: “ManTech Announces Financial Results for First Quarter of 2018” on May 02, 2018. More interesting news about ManTech International Corporation (NASDAQ:MANT) were released by: Seekingalpha.com and their article: “ManTech International (MANT) Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018 as well as Bizjournals.com‘s news article titled: “Why Google’s Pentagon mutiny should worry government contractors” with publication date: May 11, 2018.

ManTech International Corporation (NASDAQ:MANT) Institutional Positions Chart

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