ManTech International Corporation (NASDAQ:MANT) Given New $53.00 Price Target at Maxim Group

ManTech International Corporation (NASDAQ:MANT) had its price objective raised by Maxim Group from $47.00 to $53.00 in a research report report published on Thursday, November 2nd, MarketBeat.com reports. The brokerage currently has a buy rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded ManTech International Corporation from a sell rating to a hold rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded ManTech International Corporation from a hold rating to a buy rating and set a $45.00 price target for the company in a research report on Saturday, August 5th. Jefferies Group LLC restated a sell rating on shares of ManTech International Corporation in a research report on Friday, August 18th. Cowen and Company restated a buy rating and issued a $49.00 price target on shares of ManTech International Corporation in a research report on Thursday, October 12th. Finally, Loop Capital upped their price target on ManTech International Corporation from $45.00 to $53.00 and gave the company a buy rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. ManTech International Corporation has a consensus rating of Hold and an average target price of $44.86.

ManTech International Corporation (NASDAQ:MANT) opened at $49.85 on Thursday. ManTech International Corporation has a fifty-two week low of $33.50 and a fifty-two week high of $51.56. The company has a market capitalization of $1,900.00, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 3.88 and a beta of 0.93.

ManTech International Corporation (NASDAQ:MANT) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $422.70 million during the quarter, compared to analysts’ expectations of $427.44 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.61%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. research analysts anticipate that ManTech International Corporation will post 1.56 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.84 annualized dividend and a yield of 1.69%. ManTech International Corporation’s payout ratio is 27.45%.

In other news, COO Kevin M. Phillips sold 24,020 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $41.03, for a total transaction of $985,540.60. Following the completion of the transaction, the chief operating officer now directly owns 47,656 shares in the company, valued at $1,955,325.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mary K. Bush sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $40.39, for a total value of $100,975.00. Following the transaction, the director now owns 8,540 shares of the company’s stock, valued at $344,930.60. The disclosure for this sale can be found here. Insiders sold 85,520 shares of company stock valued at $3,942,261 over the last quarter. 35.06% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of ManTech International Corporation during the third quarter worth $1,264,000. California Public Employees Retirement System boosted its position in shares of ManTech International Corporation by 9.9% during the third quarter. California Public Employees Retirement System now owns 18,345 shares of the technology company’s stock worth $810,000 after buying an additional 1,645 shares during the period. Jane Street Group LLC purchased a new position in shares of ManTech International Corporation during the third quarter worth $559,000. Dimensional Fund Advisors LP boosted its position in shares of ManTech International Corporation by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock worth $95,354,000 after buying an additional 10,337 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of ManTech International Corporation by 5.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 264,210 shares of the technology company’s stock worth $11,665,000 after buying an additional 12,607 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.

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.

Analyst Recommendations for ManTech International Corporation (NASDAQ:MANT)

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