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Mantech International (MANT)

ManTech provides mission-focused technology solutions and services for U.S. defense, intelligence and federal civilian agencies. In business more than 52 years, we excel in full-spectrum cyber, data collection & analytics, enterprise IT, systems engineering and software application development solutions that support national and homeland security.

Company profile

Ticker
MANT
Exchange
Website
CEO
Kevin Phillips
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
ManTech Advanced Systems International, Inc. • ManTech SRS Technologies, Inc. • Edaptive Systems LLC • Knowledge Consulting Group, Inc. • Gryphon Finance, LLC ...
IRS number
221852179

MANT stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$96.00
Low target
$96.00
High target
$96.00
Truist Securities
Maintains
Hold
$96.00
17 May 22
Morgan Stanley
Maintains
Equal-Weight
$96.00
17 May 22

Calendar

3 Aug 22
13 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 46.75M 46.75M 46.75M 46.75M 46.75M 46.75M
Cash burn (monthly) 4.51M 1.51M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 6.58M 2.2M n/a n/a n/a n/a
Cash remaining 40.18M 44.55M n/a n/a n/a n/a
Runway (months of cash) 8.9 29.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Jul 22 Tait Matthew A Class A Common Stock Payment of exercise Dispose F No No 95.82 1,698 162.7K 33,214
31 Jul 22 Tait Matthew A Class A Common Stock Option exercise Acquire M No No 0 3,764 0 34,912
31 Jul 22 Tait Matthew A RSU Class A Common Stock Option exercise Dispose M No No 0 3,764 0 3,763
31 Jul 22 Bonnie Cook Class A Common Stock Payment of exercise Dispose F No No 95.82 250 23.96K 12,927
31 Jul 22 Bonnie Cook Class A Common Stock Option exercise Acquire M No No 0 830 0 13,177
31 Jul 22 Bonnie Cook RSU Class A Common Stock Option exercise Dispose M No No 0 830 0 830
29 Mar 22 Pedersen George J Class A Common Stock Sell Dispose S No No 77.758 6,611,454 514.09M 2,195,157
29 Mar 22 Pedersen George J Class A Common Stock Sell Dispose S No No 79.3253 2,773,389 220M 8,806,611
28 Mar 22 Pedersen George J Class A Common Stock Conversion Acquire C No No 0 11,580,000 0 11,580,000
28 Mar 22 Pedersen George J Class B Common Stock Class A Common Stock Conversion Dispose C No No 0 11,580,000 0 1,561,760
85.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 236 221 +6.8%
Opened positions 44 37 +18.9%
Closed positions 29 18 +61.1%
Increased positions 88 78 +12.8%
Reduced positions 74 69 +7.2%
13F shares Current Prev Q Change
Total value 3.04B 2.1B +44.8%
Total shares 33.52M 26.86M +24.8%
Total puts 65K 0 NEW
Total calls 22.7K 2.8K +710.7%
Total put/call ratio 2.9
Largest owners Shares Value Change
Jennifer A. Warren 6.61M $560.39M NEW
BLK Blackrock 4.56M $393.08M +4.4%
Vanguard 3.16M $272.15M +0.2%
Dimensional Fund Advisors 1.59M $137.27M +0.3%
Earnest Partners 1.55M $133.23M -2.8%
Brown Advisory 1.11M $95.44M +0.8%
STT State Street 1.06M $90.99M +0.8%
Victory Capital Management 911.42K $78.52M +19.9%
Channing Capital Management 824.16K $71.03M +9.8%
JPM JPMorgan Chase & Co. 780.75K $67.29M -3.4%
Largest transactions Shares Bought/sold Change
Jennifer A. Warren 6.61M +6.61M NEW
LGEN Legal & General 81.8K -423.48K -83.8%
Farallon Capital Management 375K +375K NEW
GS Goldman Sachs 74K -370.82K -83.4%
Norges Bank 0 -274.93K EXIT
BEN Franklin Resources 0 -236.55K EXIT
BLK Blackrock 4.56M +190.47K +4.4%
Victory Capital Management 911.42K +151.03K +19.9%
Etf Managers 205.68K -149.47K -42.1%
Driehaus Capital Management 145.47K +145.47K NEW

Financial report summary

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Management Discussion
  • The primary drivers of the increase in our revenues are revenues from new contract awards, growth on existing contracts and the acquisitions we completed in the prior year. These increases were offset by contracts and tasks that ended during the year and reduced scope of work on some contracts including contracts with variable material purchase requirements. We expect revenues to increase in 2022 due to our recent acquisitions, growth on existing programs and new contracts.
  • The increase in cost of services was primarily due to increases in revenues. As a percentage of revenues, direct labor costs were 50% and 49% for the years ended December 31, 2021 and 2020, respectively. As a percentage of revenues, other direct costs, which include subcontractors and third party equipment and materials used in the performance of our contracts, were 36% for both the years ended December 31, 2021 and 2020. With COVID-19 mitigation protocols being reduced or lifted, direct labor has been impacted as employees have begun utilizing paid time off at a normalized level. Profitability has increased due to higher program profits including improved award fees as compared to the prior period.
  • The decrease in general and administrative expenses was primarily the result of changes in the classification of certain indirect cost allocations of approximately $30.1 million. These decreases were partially offset by a return to more normalized indirect spending compared to 2020, which experienced reduced travel, conference expenses and other indirect expenses due to the impacts of COVID-19. As a percentage of revenues, general and administrative expenses decreased for the year ended December 31, 2021 as compared to the same period in 2020. We expect general and administrative expenses as a percentage of revenue to increase slightly in 2022, due to higher amortization expenses and continued return to normalized indirect spending.

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