Judith L. Bjornaas Sells 10,000 Shares of ManTech International Corp. (MANT) Stock
ManTech International Corp. (NASDAQ:MANT) insider Judith L. Bjornaas sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $42.98, for a total value of $429,800.00. Following the sale, the insider now owns 12,000 shares of the company’s stock, valued at $515,760. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
ManTech International Corp. (NASDAQ:MANT) opened at 43.58 on Thursday. The company has a market capitalization of $1.68 billion, a P/E ratio of 29.33 and a beta of 1.39. The company has a 50 day moving average price of $39.18 and a 200-day moving average price of $38.25. ManTech International Corp. has a 52 week low of $25.76 and a 52 week high of $43.64.
ManTech International Corp. (NASDAQ:MANT) last posted its earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. ManTech International Corp. had a return on equity of 4.70% and a net margin of 3.51%. The firm earned $415.40 million during the quarter, compared to analysts’ expectations of $405.80 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that ManTech International Corp. will post $1.47 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. acquired a new position in ManTech International Corp. during the third quarter worth about $1,260,000. Verition Fund Management LLC acquired a new position in ManTech International Corp. during the third quarter worth about $204,000. Panagora Asset Management Inc. boosted its position in ManTech International Corp. by 36.3% in the third quarter. Panagora Asset Management Inc. now owns 4,706 shares of the company’s stock worth $177,000 after buying an additional 1,253 shares during the last quarter. Gotham Asset Management LLC acquired a new position in ManTech International Corp. during the third quarter worth about $344,000. Finally, Clinton Group Inc. boosted its position in ManTech International Corp. by 68.3% in the third quarter. Clinton Group Inc. now owns 12,553 shares of the company’s stock worth $473,000 after buying an additional 5,095 shares during the last quarter. 62.10% of the stock is owned by hedge funds and other institutional investors.
MANT has been the subject of a number of research reports. Wells Fargo & Co. lowered ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 30th. Zacks Investment Research raised ManTech International Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Tuesday. Credit Suisse Group AG downgraded ManTech International Corp. from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $37.00 to $36.00 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a research note on Thursday, July 28th. Finally, Drexel Hamilton assumed coverage on ManTech International Corp. in a research note on Wednesday. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.75.
ManTech International Corp. Company Profile
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veterans Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other United States Government customers.
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