Insider Selling: Mantech International Corp Director Sells 5,000 Shares of Stock (MANT)
Mantech International Corp (NASDAQ:MANT) Director Walter R. Fatzinger, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $29.29, for a total transaction of $146,450.00. Following the completion of the sale, the director now directly owns 14,800 shares in the company, valued at approximately $433,492. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.90.
Shares of Mantech International Corp (NASDAQ:MANT) traded up 0.72% during mid-day trading on Thursday, hitting $29.39. The stock had a trading volume of 166,687 shares. Mantech International Corp has a 1-year low of $26.36 and a 1-year high of $31.32. The stock has a 50-day moving average of $28.53 and a 200-day moving average of $29.20. The company’s market cap is $1.095 billion. Mantech International Corp also was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 1,791,347 shares, a decrease of 34.8% from the July 31st total of 2,746,207 shares. Currently, 7.5% of the company’s shares are sold short. Based on an average daily volume of 197,874 shares, the short-interest ratio is presently 9.1 days.
Mantech International Corp (NASDAQ:MANT) last announced its earnings results on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.58 earnings per share. Mantech International Corp’s revenue was down 23.4% compared to the same quarter last year. On average, analysts predict that Mantech International Corp will post $1.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, September 3rd.
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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