Cowen restated their buy rating on shares of Mantech International (NASDAQ:MANT) in a research report report published on Thursday. Cowen currently has a $54.00 price target on the technology company’s stock.
A number of other brokerages have also recently commented on MANT. Wells Fargo & Company raised their target price on Mantech International from $42.00 to $44.00 and gave the stock an underperform rating in a report on Wednesday, October 25th. Jefferies Group reaffirmed a sell rating on shares of Mantech International in a report on Friday, August 18th. Zacks Investment Research cut Mantech International from a buy rating to a hold rating in a report on Wednesday, September 6th. BidaskClub raised Mantech International from a sell rating to a hold rating in a report on Thursday, August 3rd. Finally, Maxim Group raised their price target on Mantech International from $47.00 to $53.00 and gave the company a buy rating in a report on Thursday, November 2nd. Four investment 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’s stock. The company presently has an average rating of Hold and an average target price of $45.57.
Shares of Mantech International (MANT) traded down $0.07 during trading on Thursday, reaching $50.91. The company had a trading volume of 267,500 shares, compared to its average volume of 156,745. Mantech International has a one year low of $33.50 and a one year high of $51.86. The company has a market cap of $1,985.13, a PE ratio of 33.28, a P/E/G ratio of 4.08 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.65%. Mantech International’s dividend payout ratio is presently 27.45%.
In other news, insider Judith L. Bjornaas sold 7,500 shares of Mantech International stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $50.79, for a total value of $380,925.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Walter R. Fatzinger, Jr. sold 2,000 shares of Mantech International 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 in the company, valued at $850,920. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,020 shares of company stock worth $4,323,186. Insiders own 35.06% of the company’s stock.
Several hedge funds have recently modified their holdings of MANT. ETF Managers Group LLC bought a new stake in shares of Mantech International in the second quarter worth about $18,694,000. BlackRock Inc. increased its holdings in shares of Mantech International by 6.8% in the second quarter. BlackRock Inc. now owns 3,964,424 shares of the technology company’s stock worth $164,049,000 after purchasing an additional 252,770 shares during the last quarter. Heartland Advisors Inc. bought a new stake in shares of Mantech International in the second quarter worth about $7,889,000. Northern Trust Corp increased its holdings in shares of Mantech International by 31.5% in the second quarter. Northern Trust Corp now owns 732,890 shares of the technology company’s stock worth $30,327,000 after purchasing an additional 175,453 shares during the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in shares of Mantech International by 38.7% in the third quarter. Chartwell Investment Partners LLC now owns 471,340 shares of the technology company’s stock worth $20,809,000 after purchasing an additional 131,495 shares during the last quarter. 63.26% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Cowen Reiterates “Buy” Rating for Mantech International (MANT)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/04/cowen-reiterates-buy-rating-for-mantech-international-mant.html.
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.
What are top analysts saying about Mantech International Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mantech International Corp and related companies.