Market Runner: Mantech International Corp Just Reaches 52-Week High?

Market Runner: Mantech International Corp Just Reaches 52 Week High?

The stock of Mantech International Corp (NASDAQ:MANT) hit a new 52-week high and has $56.59 target or 34.00% above today’s $42.23 share price. The 5 months bullish chart indicates low risk for the $1.65 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $56.59 price target is reached, the company will be worth $561.00 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. The stock increased 6.08% or $2.42 during the last trading session, hitting $42.23. About 138,849 shares traded hands or 14.74% up from the average. Mantech International Corp (NASDAQ:MANT) has risen 27.72% since April 11, 2016 and is uptrending. It has outperformed by 21.57% the S&P500.

Mantech International Corp (NASDAQ:MANT) Ratings Coverage

Out of 5 analysts covering Mantech International Corporation (NASDAQ:MANT), 1 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 20% are positive. Mantech International Corporation has been the topic of 9 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Maxim Group with “Buy” on Thursday, February 18. The stock has “Underperform” rating given by Credit Suisse on Thursday, September 29. The company was maintained on Thursday, July 30 by RBC Capital Markets. The firm earned “Underperform” rating on Wednesday, January 20 by Jefferies. BB&T Capital initiated Mantech International Corp (NASDAQ:MANT) on Tuesday, July 28 with “Hold” rating. The company was downgraded on Tuesday, August 30 by Wells Fargo. TheStreet downgraded the stock to “Buy” rating in Saturday, August 22 report. The rating was upgraded by Credit Suisse on Thursday, April 28 to “Neutral”.

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 Q2 2016. Its up 0.30, from 1.29 in 2016Q1. The ratio increased, 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.
Prudential Financial last reported 0.01% of its portfolio in the stock. The Quebec – Canada-based Pub Sector Pension Inv Board has invested 0.01% in Mantech International Corp (NASDAQ:MANT). Raymond James Svcs Advsr accumulated 9,865 shares or 0% of the stock. Moreover, Metropolitan Life Insurance Com Ny has 0.01% invested in Mantech International Corp (NASDAQ:MANT) for 18,357 shares. Jpmorgan Chase accumulated 23,353 shares or 0% of the stock. Pine River Cap Mngmt Limited Partnership reported 29,600 shares or 0.01% of all its holdings. Louisiana State Employees Retirement last reported 10,900 shares in the company. The California-based Blackrock Fund Advisors has invested 0.02% in Mantech International Corp (NASDAQ:MANT). Panagora Asset Management, a Massachusetts-based fund reported 3,453 shares. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Mantech International Corp (NASDAQ:MANT). The Pennsylvania-based Tfs Capital Llc has invested 0.2% in Mantech International Corp (NASDAQ:MANT). Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Robeco Institutional Asset Mgmt Bv owns 219,298 shares or 0.06% of their US portfolio. Gsa Capital Ptnrs Llp accumulated 19,831 shares or 0.04% of the stock. Blackrock Inv Mngmt Ltd owns 113,046 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 7 sales for $4.57 million net activity. On Friday, August 26 Phillips Kevin M sold $573,862 worth of the stock or 13,949 shares. 12,500 shares were sold by Keefe Daniel J, worth $430,671. Bjornaas Judith L sold 15,000 shares worth $527,550. Another trade for 15,000 shares valued at $593,700 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: “​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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