Insider Selling: Kevin M. Phillips Unloads 9,422 Shares of Mantech International Corp Stock (MANT)
Mantech International Corp (NASDAQ:MANT) CFO Kevin M. Phillips sold 9,422 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $28.69, for a total transaction of $270,317.18. Following the transaction, the chief financial officer now directly owns 16,605 shares in the company, valued at approximately $476,397. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Mantech International Corp (NASDAQ:MANT) traded up 1.41% on Tuesday, hitting $29.39. The stock had a trading volume of 92,949 shares. Mantech International Corp has a 52-week low of $26.36 and a 52-week high of $31.32. The stock has a 50-day moving average of $28.50 and a 200-day moving average of $29.17. The company’s market cap is $1.095 billion. Mantech International Corp also was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,791,347 shares, a drop of 34.8% from the July 31st total of 2,746,207 shares. Based on an average daily trading volume, of 197,874 shares, the short-interest ratio is currently 9.1 days. Approximately 7.5% of the company’s shares are sold short.
Mantech International Corp (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.02. The company had revenue of $463.40 million for the quarter, compared to the consensus estimate of $482.58 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was down 23.4% on a year-over-year basis. Analysts expect that Mantech International Corp will post $1.29 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of analysts have recently weighed in on MANT shares. Analysts at RBC Capital raised their price target on shares of Mantech International Corp to $25.00 in a research note on Tuesday. Analysts at Zacks downgraded shares of Mantech International Corp from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $25.70 price target on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.90.
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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