Mantech International (NASDAQ:MANT) had its price target raised by Loop Capital to $80.00 in a report issued on Monday, The Fly reports. They currently have a buy rating on the technology company’s stock.
A number of other brokerages also recently issued reports on MANT. Cowen reissued a buy rating and issued a $65.00 price target on shares of Mantech International in a report on Thursday, August 2nd. Zacks Investment Research downgraded Mantech International from a buy rating to a hold rating in a report on Thursday, July 5th. Stifel Nicolaus started coverage on Mantech International in a report on Friday, May 25th. They issued a hold rating and a $55.00 price target for the company. BidaskClub downgraded Mantech International from a strong-buy rating to a buy rating in a report on Wednesday, September 12th. Finally, Wells Fargo & Co boosted their price target on Mantech International from $58.00 to $66.00 and gave the company an outperform rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $65.13.
Shares of NASDAQ:MANT opened at $66.12 on Monday. Mantech International has a 12-month low of $39.90 and a 12-month high of $68.11. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 40.81, a P/E/G ratio of 4.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.68 and a quick ratio of 1.68.
Mantech International (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Mantech International had a return on equity of 5.46% and a net margin of 6.68%. The company had revenue of $491.00 million during the quarter, compared to the consensus estimate of $476.98 million. During the same period in the previous year, the company posted $0.40 earnings per share. Mantech International’s revenue for the quarter was up 18.7% on a year-over-year basis. sell-side analysts anticipate that Mantech International will post 2.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 6th. Mantech International’s payout ratio is 61.73%.
In other news, Director Richard J. Kerr sold 1,592 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $62.95, for a total transaction of $100,216.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Kerr sold 1,598 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $62.72, for a total value of $100,226.56. Following the transaction, the director now directly owns 25,222 shares of the company’s stock, valued at $1,581,923.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,835 shares of company stock valued at $5,359,430. Corporate insiders own 22.28% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Mantech International during the first quarter worth approximately $105,000. Contravisory Investment Management Inc. purchased a new stake in Mantech International in the 2nd quarter valued at $133,000. Amalgamated Bank purchased a new stake in Mantech International in the 1st quarter valued at $203,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Mantech International in the 2nd quarter valued at $299,000. Finally, SG Americas Securities LLC grew its holdings in Mantech International by 155.2% in the 1st quarter. SG Americas Securities LLC now owns 5,568 shares of the technology company’s stock valued at $309,000 after buying an additional 3,386 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.
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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