ManTech International Corporation (MANT) Director Kenneth A. Minihan Sells 3,000 Shares of Stock
ManTech International Corporation (NASDAQ:MANT) Director Kenneth A. Minihan sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $48.66, for a total value of $145,980.00. Following the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at $632,580. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
ManTech International Corporation (NASDAQ:MANT) traded down $0.23 during trading hours on Friday, hitting $49.66. The stock had a trading volume of 115,874 shares, compared to its average volume of 155,444. The company has a market cap of $1,950.00, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 4.00 and a beta of 0.93. ManTech International Corporation has a 1-year low of $33.50 and a 1-year high of $51.56.
ManTech International Corporation (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $422.70 million during the quarter, compared to analyst estimates of $427.44 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.61%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. research analysts anticipate that ManTech International Corporation will post 1.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. ManTech International Corporation’s payout ratio is 27.45%.
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Several hedge funds and other institutional investors have recently modified their holdings of MANT. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ManTech International Corporation by 297.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after buying an additional 2,458 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of ManTech International Corporation by 43.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after buying an additional 1,181 shares during the period. SG Americas Securities LLC purchased a new stake in shares of ManTech International Corporation in the third quarter worth approximately $165,000. GLG Partners LP purchased a new stake in shares of ManTech International Corporation in the second quarter worth approximately $166,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of ManTech International Corporation by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 61.96% of the company’s stock.
MANT has been the subject of a number of research reports. Wells Fargo & Company increased their price target on ManTech International Corporation from $42.00 to $44.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Jefferies Group LLC reissued a “sell” rating on shares of ManTech International Corporation in a research note on Friday, August 18th. Zacks Investment Research lowered ManTech International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub raised ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Maxim Group raised their price objective on ManTech International Corporation from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.86.
About ManTech International Corporation
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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