What Can We Expect After ManTech (NASDAQ:MANT)’s Upgrade By Wells Fargo?

May 17, 2018 - By James Guidry

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 turned negative, 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.

Barclays Public Ltd Liability stated it has 0% in ManTech International Corporation (NASDAQ:MANT). Aperio Gp Ltd Llc accumulated 11,972 shares. Franklin Resources Inc has invested 0.01% in ManTech International Corporation (NASDAQ:MANT). Moreover, Robeco Institutional Asset Management Bv has 0.01% invested in ManTech International Corporation (NASDAQ:MANT) for 47,271 shares. Systematic Finance Mgmt Limited Partnership holds 0.03% or 29,575 shares in its portfolio. Earnest Prns Limited holds 1.41 million shares or 0.68% of its portfolio. Citadel Advsrs Ltd has 66,738 shares for 0% of their portfolio. Wedge Cap L Lp Nc stated it has 0.01% in ManTech International Corporation (NASDAQ:MANT). Bailard Inc invested in 0.04% or 13,800 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,708 shares in its portfolio. Jpmorgan Chase holds 0% or 111,177 shares. State Street Corporation holds 0% or 707,381 shares in its portfolio. Louisiana State Employees Retirement Sys stated it has 0.03% of its portfolio in ManTech International Corporation (NASDAQ:MANT). Public Employees Retirement Systems Of Ohio holds 4,560 shares or 0% of its portfolio. Oppenheimer Asset Management accumulated 26,514 shares.

Since December 13, 2017, it had 0 insider purchases, and 7 selling transactions for $3.54 million activity. 8,000 ManTech International Corporation (NASDAQ:MANT) shares with value of $456,680 were sold by Keefe Daniel J. Phillips Kevin M sold $1.54M worth of ManTech International Corporation (NASDAQ:MANT) on Tuesday, February 27. MINIHAN KENNETH A sold $351,840 worth of stock. $50,450 worth of stock was sold by BUSH MARY K on Wednesday, December 13.

ManTech (NASDAQ:MANT) Stock Upgrade

ManTech (NASDAQ:MANT) was boosted by Wells Fargo from a Market Perform rating to a solid Outperform rating in an analyst report issued on Thursday morning.

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 5.50% above currents $53.08 stock price. ManTech had 4 analyst reports since January 12, 2018 according to SRatingsIntel. The company was maintained on Friday, January 12 by Cowen & Co. The firm has “Underperform” rating given on Friday, February 23 by Credit Suisse. The company was maintained on Friday, April 6 by Cowen & Co. Cowen & Co maintained the shares of MANT in report on Thursday, February 22 with “Outperform” rating.

The stock increased 0.99% or $0.52 during the last trading session, reaching $53.08. About 186,786 shares traded. ManTech International Corporation (NASDAQ: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 26.54 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 $2.10 billion. It offers cyber security solutions and services. It has a 18.21 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: Bizjournals.com which released: “Why Google’s Pentagon mutiny should worry government contractors” on May 11, 2018, also Seekingalpha.com with their article: “ManTech International (MANT) Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about ManTech International Corporation (NASDAQ:MANT) were released by: Investorplace.com and their article: “5 Defense Stocks to Tap US-North Korea Denuclearization Row” published on May 17, 2018 as well as Globenewswire.com‘s news article titled: “ManTech Announces Financial Results for First Quarter of 2018” with publication date: May 02, 2018.

ManTech International Corporation (NASDAQ:MANT) Institutional Positions Chart

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