Mantech International Corp (MANT) Given Consensus Rating of “Hold” by Analysts
Shares of Mantech International Corp (NASDAQ:MANT) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $48.17.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, September 1st. Wells Fargo & Company boosted their target price on Mantech International from $42.00 to $44.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Cowen reissued a “buy” rating and issued a $49.00 target price on shares of Mantech International in a research note on Thursday, October 12th. Loop Capital boosted their target price on Mantech International from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Maxim Group boosted their target price on Mantech International from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd.
Mantech International (NASDAQ:MANT) traded down $0.34 on Friday, hitting $50.07. The stock had a trading volume of 151,500 shares, compared to its average volume of 155,847. Mantech International has a 1 year low of $33.50 and a 1 year high of $52.35. The stock has a market cap of $1,980.00, a PE ratio of 32.95, a P/E/G ratio of 4.04 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 7th. Mantech International’s payout ratio is 27.45%.
In other news, insider Judith L. Bjornaas sold 7,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $50.79, for a total value of $380,925.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary K. Bush sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total value of $50,450.00. Following the completion of the transaction, the director now directly owns 7,540 shares of the company’s stock, valued at approximately $380,393. The disclosure for this sale can be found here. Insiders have sold a total of 89,520 shares of company stock valued at $4,191,621 in the last ninety days. 22.28% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Heartland Advisors Inc. bought a new position in shares of Mantech International in the 2nd quarter worth approximately $7,889,000. Renaissance Technologies LLC grew its stake in shares of Mantech International by 5.1% in the 1st quarter. Renaissance Technologies LLC now owns 21,433 shares of the technology company’s stock worth $742,000 after buying an additional 1,033 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Mantech International by 27.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 85,102 shares of the technology company’s stock worth $3,522,000 after buying an additional 18,326 shares during the last quarter. BlackRock Inc. grew its stake in shares of Mantech International by 6.8% in the 2nd quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock worth $164,049,000 after buying an additional 252,770 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Mantech International in the 2nd quarter worth approximately $1,159,000. 63.26% of the stock is owned by hedge funds and other institutional investors.
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Mantech International Company Profile
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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