Brokerages Set ManTech International Corporation (MANT) PT at $40.67

Shares of ManTech International Corporation (NASDAQ:MANT) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $40.67.

A number of research firms recently issued reports on MANT. Maxim Group set a $44.00 price objective on ManTech International Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Credit Suisse Group reissued a “sell” rating and set a $36.00 price objective on shares of ManTech International Corporation in a research report on Friday, May 5th. Zacks Investment Research raised ManTech International Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, May 17th. BidaskClub raised ManTech International Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, TheStreet raised ManTech International Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th.

ManTech International Corporation (NASDAQ:MANT) traded down 3.11% during trading on Friday, reaching $38.05. The company had a trading volume of 127,928 shares. ManTech International Corporation has a 12 month low of $33.50 and a 12 month high of $45.52. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 25.08 and a beta of 0.94. The stock has a 50 day moving average price of $40.00 and a 200 day moving average price of $38.04.

ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $413.70 million during the quarter, compared to analysts’ expectations of $418.60 million. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.59%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities research analysts predict that ManTech International Corporation will post $1.52 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 2.01%. ManTech International Corporation’s dividend payout ratio is currently 27.63%.

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In other ManTech International Corporation news, Director Richard L. Armitage sold 3,000 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $40.01, for a total value of $120,030.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at $160,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel J. Keefe sold 9,989 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $38.66, for a total value of $386,174.74. Following the completion of the sale, the insider now directly owns 9,989 shares of the company’s stock, valued at approximately $386,174.74. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock valued at $603,431 in the last ninety days. Insiders own 35.06% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 in the last quarter. GLG Partners LP bought a new stake in shares of ManTech International Corporation during the second quarter worth $166,000. Public Employees Retirement System of Ohio boosted its stake 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 in the last quarter. Mason Street Advisors LLC boosted its stake in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock worth $207,000 after buying an additional 436 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of ManTech International Corporation by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock worth $209,000 after buying an additional 2,231 shares in the last quarter. 61.04% of the stock is owned by institutional investors.

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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