Mantech International Corp Director Sells $89,280 in Stock (MANT)
Mantech International Corp (NASDAQ:MANT) Director Stephen W. Porter sold 3,000 shares of Mantech International Corp stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $29.76, for a total transaction of $89,280.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $89,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MANT has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Mantech International Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Separately, analysts at Zacks upgraded shares of Mantech International Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $30.40 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Mantech International Corp from $20.00 to $24.00 in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.13.
Shares of Mantech International Corp (NASDAQ:MANT) traded up 0.44% during mid-day trading on Monday, hitting $29.98. 142,161 shares of the company’s stock traded hands. Mantech International Corp has a 52 week low of $24.70 and a 52 week high of $31.32. The stock has a 50-day moving average of $29.59 and a 200-day moving average of $29.16. The company’s market cap is $1.116 billion.
Mantech International Corp (NASDAQ:MANT) last released its earnings data on Wednesday, April 30th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.07. The company had revenue of $452.00 million for the quarter, compared to the consensus estimate of $486.98 million. Analysts expect that Mantech International Corp will post $1.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, June 4th.
ManTech International Corporation (NASDAQ:MANT) is a provider of technologies and solutions for mission-critical national security programs for the intelligence community; Departments of Defense (DOD), State, Homeland Security, Energy and Justice, including the Federal Bureau of Investigations (FBI); the space community, and other United States federal government customers.
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