ManTech International Corporation (NASDAQ:MANT) had its price target lifted by Loop Capital from $45.00 to $53.00 in a report published on Thursday, November 2nd. Loop Capital currently has a buy rating on the technology company’s stock.
Other analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of ManTech International Corporation from $42.00 to $44.00 and gave the stock an underperform rating in a research report on Wednesday, October 25th. Cowen and Company reiterated a buy rating and issued a $49.00 price target on shares of ManTech International Corporation in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of ManTech International Corporation from a buy rating to a hold rating and set a $49.00 price target for the company. in a research report on Friday, September 29th. Finally, Maxim Group restated a buy rating and set a $47.00 price objective (up previously from $44.00) on shares of ManTech International Corporation in a research report on Wednesday, September 20th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $44.86.
ManTech International Corporation (NASDAQ:MANT) traded up $0.85 on Thursday, hitting $49.85. 120,630 shares of the company were exchanged, compared to its average volume of 155,904. The stock has a market cap of $1,900.00, a PE ratio of 31.68, a price-to-earnings-growth ratio of 3.88 and a beta of 0.93. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $51.56.
ManTech International Corporation (NASDAQ:MANT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The company had revenue of $422.70 million during the quarter, compared to analysts’ expectations of $427.44 million. ManTech International Corporation had a net margin of 3.61% and a return on equity of 4.73%. ManTech International Corporation’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. equities research analysts predict that ManTech International Corporation will post 1.56 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be paid a $0.21 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.69%. ManTech International Corporation’s dividend payout ratio is currently 27.45%.
In other news, insider Daniel J. Keefe sold 6,500 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the transaction, the insider now directly owns 6,500 shares of the company’s stock, valued at approximately $324,025. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider L. William Varner sold 47,500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $48.52, for a total value of $2,304,700.00. Following the completion of the transaction, the insider now directly owns 37,500 shares in the company, valued at $1,819,500. The disclosure for this sale can be found here. Insiders sold 85,520 shares of company stock worth $3,942,261 over the last quarter. Company insiders own 35.06% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in ManTech International Corporation by 6.8% during the 2nd quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock worth $164,049,000 after purchasing an additional 252,770 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ManTech International Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock valued at $93,765,000 after acquiring an additional 234,114 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in ManTech International Corporation by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock valued at $95,354,000 after purchasing an additional 10,337 shares during the last quarter. Earnest Partners LLC lifted its stake in ManTech International Corporation by 1.7% in the second quarter. Earnest Partners LLC now owns 1,403,248 shares of the technology company’s stock valued at $58,066,000 after purchasing an additional 23,191 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in ManTech International Corporation by 11.8% in the third quarter. Victory Capital Management Inc. now owns 1,181,031 shares of the technology company’s stock valued at $52,143,000 after purchasing an additional 125,005 shares during the last quarter. 61.63% of the stock is owned by hedge funds and other institutional investors.
ManTech International Corporation 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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