ManTech International Corporation (MANT) Receives Average Rating of “Hold” from Analysts
Shares of ManTech International Corporation (NASDAQ:MANT) have received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $40.67.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of ManTech International Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Saturday, August 5th. Noble Financial restated a “hold” rating on shares of ManTech International Corporation in a report on Thursday, August 3rd. Maxim Group set a $44.00 target price on shares of ManTech International Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Credit Suisse Group restated a “sell” rating and issued a $36.00 target price on shares of ManTech International Corporation in a report on Friday, May 5th.
In other ManTech International Corporation news, insider Daniel J. Keefe sold 9,989 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $38.66, for a total transaction of $386,174.74. Following the completion of the sale, the insider now directly owns 9,989 shares in the company, valued at $386,174.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Keefe sold 2,511 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $38.72, for a total transaction of $97,225.92. Following the sale, the insider now owns 2,511 shares of the company’s stock, valued at $97,225.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,500 shares of company stock valued at $603,431. 22.28% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its stake in ManTech International Corporation by 561.3% in the first quarter. Sit Investment Associates Inc. now owns 10,250 shares of the technology company’s stock valued at $355,000 after buying an additional 8,700 shares in the last quarter. Norges Bank acquired a new stake in ManTech International Corporation during the fourth quarter valued at about $15,962,000. Penserra Capital Management LLC increased its stake in ManTech International Corporation by 52.4% in the first quarter. Penserra Capital Management LLC now owns 416,290 shares of the technology company’s stock valued at $14,416,000 after buying an additional 143,163 shares in the last quarter. Wellington Management Group LLP acquired a new stake in ManTech International Corporation during the first quarter valued at about $8,213,000. Finally, Renaissance Technologies LLC acquired a new stake in ManTech International Corporation during the fourth quarter valued at about $862,000. Institutional investors own 60.89% of the company’s stock.
Shares of ManTech International Corporation (NASDAQ:MANT) traded down 1.74% during mid-day trading on Friday, reaching $39.02. 169,939 shares of the company traded hands. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $45.52. The stock’s 50-day moving average is $39.96 and its 200-day moving average is $38.07. The company has a market capitalization of $1.52 billion, a P/E ratio of 25.72 and a beta of 0.94.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $413.70 million during the quarter, compared to analyst estimates of $418.60 million. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, equities analysts predict that ManTech International Corporation will post $1.52 EPS for the current fiscal year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 2.01%. ManTech International Corporation’s dividend payout ratio is currently 27.63%.
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About ManTech International Corporation
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
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