ManTech International (NASDAQ:MANT) Director Mary K. Bush sold 390 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $26.31, for a total transaction of $10,260.90. Following the sale, the director now owns 7,150 shares of the company’s stock, valued at $188,116.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
ManTech International traded down $0.06, reaching $53.73, during mid-day trading on Monday, Marketbeat.com reports. 2,126 shares of the company’s stock traded hands, compared to its average volume of 246,824. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 3.28 and a beta of 0.88. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. ManTech International has a 12-month low of $37.02 and a 12-month high of $62.24.
ManTech International (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $473.20 million for the quarter, compared to the consensus estimate of $469.13 million. ManTech International had a net margin of 6.73% and a return on equity of 5.24%. ManTech International’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. equities research analysts anticipate that ManTech International will post 2.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, June 7th. ManTech International’s payout ratio is 30.86%.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in ManTech International by 2.2% during the fourth quarter. BlackRock Inc. now owns 4,317,246 shares of the technology company’s stock valued at $216,683,000 after purchasing an additional 94,199 shares in the last quarter. Dimensional Fund Advisors LP increased its position in ManTech International by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,190,983 shares of the technology company’s stock valued at $121,534,000 after acquiring an additional 6,485 shares during the last quarter. Earnest Partners LLC increased its position in ManTech International by 1.4% during the first quarter. Earnest Partners LLC now owns 1,434,589 shares of the technology company’s stock valued at $79,577,000 after acquiring an additional 20,088 shares during the last quarter. Victory Capital Management Inc. increased its position in ManTech International by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,185,671 shares of the technology company’s stock valued at $59,509,000 after acquiring an additional 4,640 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in ManTech International by 68.1% during the first quarter. Franklin Resources Inc. now owns 451,830 shares of the technology company’s stock valued at $25,063,000 after acquiring an additional 183,068 shares during the last quarter. 64.18% of the stock is currently owned by institutional investors.
MANT has been the topic of several analyst reports. Cowen reaffirmed an “outperform” rating and set a $60.00 price target (up previously from $55.00) on shares of ManTech International in a report on Thursday, February 22nd. Zacks Investment Research raised shares of ManTech International from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Saturday, February 17th. BidaskClub raised shares of ManTech International from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. ValuEngine raised shares of ManTech International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Loop Capital lifted their price target on shares of ManTech International to $65.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $56.29.
About ManTech International
ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
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