ManTech International Co. (NASDAQ:MANT) Director Mary K. Bush sold 2,875 shares of the stock in a transaction dated Thursday, June 10th. The shares were sold at an average price of $87.37, for a total transaction of $251,188.75. Following the completion of the transaction, the director now owns 11,275 shares of the company’s stock, valued at approximately $985,096.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
ManTech International stock opened at $89.45 on Friday. ManTech International Co. has a 12-month low of $61.91 and a 12-month high of $101.35. The firm has a market cap of $3.63 billion, a PE ratio of 29.33, a P/E/G ratio of 4.86 and a beta of 0.72. The business’s 50-day moving average price is $85.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.55 and a quick ratio of 1.55.
ManTech International (NASDAQ:MANT) last released its quarterly earnings results on Tuesday, May 4th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.05. ManTech International had a net margin of 4.89% and a return on equity of 8.94%. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $649.78 million. During the same period last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that ManTech International Co. will post 3.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Shareholders of record on Friday, June 11th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, June 10th. This represents a $1.52 annualized dividend and a dividend yield of 1.70%. ManTech International’s dividend payout ratio is currently 45.24%.
Institutional investors have recently added to or reduced their stakes in the business. Capital Asset Advisory Services LLC acquired a new stake in shares of ManTech International during the 4th quarter worth about $27,000. Vantage Consulting Group Inc acquired a new stake in shares of ManTech International in the fourth quarter worth approximately $36,000. NEXT Financial Group Inc boosted its position in shares of ManTech International by 153.1% in the fourth quarter. NEXT Financial Group Inc now owns 620 shares of the technology company’s stock worth $56,000 after acquiring an additional 375 shares during the last quarter. Fieldpoint Private Securities LLC boosted its position in shares of ManTech International by 61.1% in the first quarter. Fieldpoint Private Securities LLC now owns 651 shares of the technology company’s stock worth $57,000 after acquiring an additional 247 shares during the last quarter. Finally, FMR LLC boosted its position in shares of ManTech International by 1,578.6% in the first quarter. FMR LLC now owns 705 shares of the technology company’s stock worth $38,000 after acquiring an additional 663 shares during the last quarter. 64.39% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on MANT. Wells Fargo & Company began coverage on shares of ManTech International in a report on Tuesday, May 18th. They issued an “equal weight” rating and a $83.00 price target for the company. Credit Suisse Group dropped their target price on shares of ManTech International from $62.00 to $60.00 and set an “underperform” rating for the company in a report on Wednesday, May 5th. Morgan Stanley raised their target price on shares of ManTech International from $85.00 to $89.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. Finally, Zacks Investment Research downgraded shares of ManTech International from a “hold” rating to a “sell” rating in a report on Thursday, May 6th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. ManTech International currently has an average rating of “Hold” and an average price target of $84.50.
About ManTech International
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
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