Mantech International Corp (MANT) Insider Sells $380,925.00 in Stock
Mantech International Corp (NASDAQ:MANT) insider Judith L. Bjornaas sold 7,500 shares of Mantech International stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $50.79, for a total transaction of $380,925.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Mantech International Corp (MANT) opened at $50.91 on Monday. The company has a market cap of $1,985.13, a P/E ratio of 33.28, a P/E/G ratio of 4.08 and a beta of 0.97. Mantech International Corp has a 1-year low of $33.50 and a 1-year high of $51.86.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $422.70 million for the quarter, compared to analysts’ expectations of $427.44 million. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. Mantech International’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. equities analysts predict that Mantech International Corp will post 1.56 earnings per share for the current year.
Several large investors have recently bought and sold shares of MANT. Heartland Advisors Inc. purchased a new position in Mantech International in the 2nd quarter valued at approximately $7,889,000. Renaissance Technologies LLC grew its stake in Mantech International by 5.1% in the 1st quarter. Renaissance Technologies LLC now owns 21,433 shares of the technology company’s stock valued at $742,000 after buying an additional 1,033 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Mantech International by 27.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 85,102 shares of the technology company’s stock valued at $3,522,000 after buying an additional 18,326 shares in the last quarter. BlackRock Inc. grew its stake in Mantech International by 6.8% in the 2nd quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock valued at $164,049,000 after buying an additional 252,770 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Mantech International in the 2nd quarter valued at approximately $1,159,000. 63.26% of the stock is currently owned by institutional investors.
Several equities analysts have commented on MANT shares. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, September 1st. Wells Fargo & Company lifted their target price on shares of Mantech International from $42.00 to $44.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Cowen reissued a “buy” rating and set a $49.00 target price on shares of Mantech International in a research report on Thursday, October 12th. Finally, Loop Capital lifted their target price on shares of Mantech International from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.57.
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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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