Is ManTech (MANT) Now a ‘Buy’? Why did Wells Fargo Upgrade The Stock?

May 17, 2018 - By Bradley Stiles

ManTech International Corporation (NASDAQ:MANT) Logo

Investors sentiment decreased to 1.12 in Q4 2017. 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.

Hutchin Hill Capital Limited Partnership holds 0.07% of its portfolio in ManTech International Corporation (NASDAQ:MANT) for 5,000 shares. Strs Ohio holds 0% or 19,300 shares. Credit Suisse Ag holds 0% in ManTech International Corporation (NASDAQ:MANT) or 53,108 shares. Laurion Ltd Partnership holds 4,977 shares. Hillsdale Investment Mgmt invested 0.22% in ManTech International Corporation (NASDAQ:MANT). Bridgeway Mgmt Incorporated has 187,682 shares. Connable Office reported 0.05% stake. Metropolitan Life Insurance New York holds 0.01% of its portfolio in ManTech International Corporation (NASDAQ:MANT) for 8,364 shares. Alpha Windward Ltd has 0.31% invested in ManTech International Corporation (NASDAQ:MANT) for 10,440 shares. Glg Prtn L P reported 1,000 shares stake. Great West Life Assurance Company Can invested in 34,753 shares or 0% of the stock. California Pub Employees Retirement has 0% invested in ManTech International Corporation (NASDAQ:MANT) for 19,545 shares. Point72 Asia (Hong Kong) Ltd, Hong Kong-based fund reported 544 shares. Alliancebernstein Limited Partnership invested in 0% or 84,320 shares. Deutsche State Bank Ag stated it has 145,032 shares or 0% of all its holdings.

Since December 13, 2017, it had 0 insider purchases, and 7 sales for $3.54 million activity. The insider Bjornaas Judith L sold 9,756 shares worth $558,066. Another trade for 6,000 shares valued at $329,460 was sold by Keefe Daniel J. On Wednesday, December 13 BUSH MARY K sold $50,450 worth of ManTech International Corporation (NASDAQ:MANT) or 1,000 shares. MINIHAN KENNETH A had sold 6,000 shares worth $351,840.

ManTech (MANT) Stock Upgrade

Analysts at the Wells Fargo equity research division upped shares of ManTech (MANT) from a Market Perform to a Outperform on Thursday morning.

The stock increased 0.51% or $0.27 during the last trading session, reaching $52.83. About 236,814 shares traded. ManTech International Corporation (MANT) has risen 57.61% since May 17, 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 $19.77 million 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: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Investorplace.com with their article: “5 Defense Stocks to Tap US-North Korea Denuclearization Row” 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: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “ManTech International (MANT) Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

ManTech International Corporation (NASDAQ:MANT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.