Insider Selling: Mantech International Corp (MANT) Director Sells 1,000 Shares of Stock
Mantech International Corp (NASDAQ:MANT) Director Mary K. Bush sold 1,000 shares of Mantech International stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the transaction, the director now owns 7,540 shares in the company, valued at approximately $380,393. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Mantech International Corp (MANT) traded up $0.50 during mid-day trading on Thursday, reaching $50.41. 178,100 shares of the company’s stock were exchanged, compared to its average volume of 155,865. The firm has a market capitalization of $1,946.14, a PE ratio of 32.62, a P/E/G ratio of 4.00 and a beta of 0.97. Mantech International Corp has a 12-month low of $33.50 and a 12-month high of $52.35.
Mantech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The company had revenue of $422.70 million for the quarter, compared to analyst estimates of $427.44 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. equities research analysts forecast that Mantech International Corp will post 1.56 earnings per share for the current fiscal year.
Several analysts have recently weighed in on MANT shares. Jefferies Group reiterated a “sell” rating on shares of Mantech International in a research report on Friday, August 18th. Cowen restated a “buy” rating and issued a $45.00 price target on shares of Mantech International in a research report on Monday, August 21st. Zacks Investment Research downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Maxim Group reissued a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Mantech International in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.57.
Institutional investors and hedge funds have recently bought and sold shares of the company. AXA increased its stake in shares of Mantech International by 11.0% in the 3rd quarter. AXA now owns 124,800 shares of the technology company’s stock valued at $5,510,000 after acquiring an additional 12,326 shares in the last quarter. Algert Global LLC bought a new stake in Mantech International during the 3rd quarter valued at $1,264,000. California Public Employees Retirement System increased its stake in Mantech International by 9.9% during the 3rd quarter. California Public Employees Retirement System now owns 18,345 shares of the technology company’s stock valued at $810,000 after purchasing an additional 1,645 shares in the last quarter. Jane Street Group LLC bought a new stake in Mantech International during the 3rd quarter valued at $559,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Mantech International by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock worth $95,354,000 after acquiring an additional 10,337 shares during the last quarter. Institutional investors own 63.26% of the company’s stock.
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About Mantech International
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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