Insider Selling: Stephen W. Porter Unloads 5,000 Shares of Mantech International Corp Stock (MANT)
Mantech International Corp (NASDAQ:MANT) Director Stephen W. Porter unloaded 5,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $28.75, for a total transaction of $143,750.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at approximately $86,250. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Mantech International Corp (NASDAQ:MANT) traded up 1.04% on Thursday, hitting $29.10. 108,606 shares of the company’s stock traded hands. Mantech International Corp has a 1-year low of $24.70 and a 1-year high of $31.32. The stock’s 50-day moving average is $29.73 and its 200-day moving average is $29.28. The company’s market cap is $1.083 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 dividend, which is scheduled for Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, June 4th.
A number of analysts have recently weighed in on MANT shares. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.13.
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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