ManTech International Corporation (MANT) Receives $47.33 Average Price Target from Brokerages
ManTech International Corporation (NASDAQ:MANT) has earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $47.33.
Several brokerages recently weighed in on MANT. Loop Capital lifted their price objective on ManTech International Corporation from $45.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Maxim Group lifted their price objective on ManTech International Corporation from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wells Fargo & Company lifted their price objective on ManTech International Corporation from $42.00 to $44.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Cowen and Company reissued a “buy” rating and issued a $49.00 price objective on shares of ManTech International Corporation in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered ManTech International Corporation from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a report on Friday, September 29th.
Shares of ManTech International Corporation (NASDAQ:MANT) traded down $0.57 during trading on Monday, hitting $49.28. The stock had a trading volume of 155,600 shares, compared to its average volume of 155,903. ManTech International Corporation has a 1 year low of $33.50 and a 1 year high of $51.56. The stock has a market cap of $1,920.00, a price-to-earnings ratio of 32.58, a PEG ratio of 3.99 and a beta of 0.93.
ManTech International Corporation (NASDAQ:MANT) last announced its earnings results 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. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.61%. The firm had revenue of $422.70 million during the quarter, compared to analyst estimates of $427.44 million. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. sell-side analysts expect that ManTech International Corporation will post 1.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 7th. ManTech International Corporation’s dividend payout ratio (DPR) is currently 27.45%.
In related news, COO Kevin M. Phillips sold 24,020 shares of ManTech International Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $41.03, for a total value of $985,540.60. Following the completion of the sale, the chief operating officer now owns 47,656 shares of the company’s stock, valued at approximately $1,955,325.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of ManTech International Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.52, for a total value of $81,040.00. Following the completion of the sale, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $850,920. The disclosure for this sale can be found here. In the last three months, insiders sold 85,520 shares of company stock valued at $3,942,261. 22.28% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ManTech International Corporation by 297.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,458 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in ManTech International Corporation by 43.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,181 shares during the period. SG Americas Securities LLC bought a new position in ManTech International Corporation in the 3rd quarter worth about $165,000. GLG Partners LP bought a new position in ManTech International Corporation in the 2nd quarter worth about $166,000. Finally, Public Employees Retirement System of Ohio boosted its stake in ManTech International Corporation by 5.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock worth $189,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 61.63% of the company’s stock.
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ManTech International Corporation 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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