Shares of Mantech International Corp (NASDAQ:MANT) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $49.40.
Several analysts recently issued reports on the company. Maxim Group reissued a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Mantech International in a report on Wednesday, September 20th. Zacks Investment Research downgraded Mantech International from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Loop Capital raised their price target on Mantech International from $45.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Cowen reissued a “buy” rating and issued a $49.00 price target on shares of Mantech International in a report on Thursday, October 12th.
Shares of Mantech International (NASDAQ MANT) traded down $0.39 on Tuesday, hitting $51.91. The stock had a trading volume of 113,434 shares, compared to its average volume of 114,389. The firm has a market cap of $2,030.00, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 3.72 and a beta of 0.97. Mantech International has a one year low of $33.50 and a one year high of $53.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, December 7th. Mantech International’s payout ratio is currently 27.45%.
In other news, Director Kenneth A. Minihan sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $48.66, for a total value of $145,980.00. Following the sale, the director now owns 13,000 shares of the company’s stock, valued at approximately $632,580. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel J. Keefe sold 6,500 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the completion of the sale, the insider now directly owns 6,500 shares in the company, valued at approximately $324,025. The disclosure for this sale can be found here. Insiders have sold a total of 65,500 shares of company stock worth $3,206,080 in the last ninety days. 35.06% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of MANT. Schwab Charles Investment Management Inc. raised its stake in shares of Mantech International by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 251,603 shares of the technology company’s stock worth $10,412,000 after buying an additional 19,763 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Mantech International by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 53,036 shares of the technology company’s stock worth $2,195,000 after acquiring an additional 1,258 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Mantech International by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 50,445 shares of the technology company’s stock worth $2,085,000 after acquiring an additional 4,093 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Mantech International by 28.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,638 shares of the technology company’s stock worth $564,000 after acquiring an additional 3,047 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Mantech International by 140.1% in the 2nd quarter. Prudential Financial Inc. now owns 105,454 shares of the technology company’s stock worth $4,364,000 after acquiring an additional 61,530 shares during the last quarter. 63.24% of the stock is currently owned by 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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