Daniel J. Keefe Sells 12,500 Shares of ManTech International Corp. (MANT) Stock
ManTech International Corp. (NASDAQ:MANT) insider Daniel J. Keefe sold 12,500 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $42.66, for a total value of $533,250.00. Following the completion of the sale, the insider now owns 12,500 shares in the company, valued at approximately $533,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ManTech International Corp. (NASDAQ:MANT) opened at 43.37 on Friday. The company has a market cap of $1.67 billion, a P/E ratio of 29.19 and a beta of 1.39. The company’s 50-day moving average price is $39.27 and its 200-day moving average price is $38.28. ManTech International Corp. has a 12 month low of $25.76 and a 12 month high of $43.87.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $415.40 million for the quarter, compared to analyst estimates of $405.80 million. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that ManTech International Corp. will post $1.47 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Drexel Hamilton assumed coverage on ManTech International Corp. in a research note on Wednesday. They set a “hold” rating on the stock. Zacks Investment Research upgraded ManTech International Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday. Credit Suisse Group AG lowered ManTech International Corp. from a “neutral” rating to an “underperform” rating and cut their price target for the company from $37.00 to $36.00 in a research note on Thursday, September 29th. They noted that the move was a valuation call. Wells Fargo & Co. lowered ManTech International Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 30th. Finally, Jefferies Group restated a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.75.
Several institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its position in shares of ManTech International Corp. by 3.8% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock valued at $102,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. increased its stake in ManTech International Corp. by 3.9% in the second quarter. PineBridge Investments L.P. now owns 3,110 shares of the company’s stock valued at $118,000 after buying an additional 118 shares in the last quarter. Teacher Retirement System of Texas increased its stake in ManTech International Corp. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,406 shares of the company’s stock valued at $129,000 after buying an additional 419 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in ManTech International Corp. during the second quarter valued at about $131,000. Finally, Mason Street Advisors LLC purchased a new stake in ManTech International Corp. during the second quarter valued at about $181,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.
About ManTech International Corp.
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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