Daniel J. Keefe Sells 6,500 Shares of ManTech International Corporation (MANT) Stock
ManTech International Corporation (NASDAQ:MANT) insider Daniel J. Keefe sold 6,500 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the transaction, the insider now directly owns 6,500 shares in the company, valued at approximately $324,025. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
ManTech International Corporation (NASDAQ MANT) opened at $49.86 on Thursday. ManTech International Corporation has a twelve month low of $33.50 and a twelve month high of $51.56. The stock has a market capitalization of $1,921.36, a PE ratio of 32.29, a P/E/G ratio of 3.96 and a beta of 0.93.
ManTech International Corporation (NASDAQ:MANT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. ManTech International Corporation had a return on equity of 4.73% and a net margin of 3.61%. The firm had revenue of $422.70 million for the quarter, compared to analyst estimates of $427.44 million. During the same quarter last year, the company posted $0.38 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. analysts anticipate that ManTech International Corporation will post 1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, December 7th. ManTech International Corporation’s dividend payout ratio is currently 27.45%.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ManTech International Corporation by 297.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after purchasing an additional 2,458 shares in the last quarter. Chartwell Investment Partners LLC boosted its holdings in ManTech International Corporation by 38.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 471,340 shares of the technology company’s stock valued at $20,809,000 after purchasing an additional 131,495 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in ManTech International Corporation by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 431,619 shares of the technology company’s stock valued at $19,058,000 after purchasing an additional 3,408 shares in the last quarter. SG Americas Securities LLC purchased a new stake in ManTech International Corporation in the 3rd quarter valued at approximately $165,000. Finally, Rhumbline Advisers boosted its holdings in ManTech International Corporation by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 54,076 shares of the technology company’s stock valued at $2,387,000 after purchasing an additional 1,040 shares in the last quarter. 61.96% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the company. Maxim Group raised their price objective on ManTech International Corporation from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Loop Capital raised their price objective on ManTech International Corporation from $45.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Wells Fargo & Company raised their price objective on ManTech International Corporation from $42.00 to $44.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Cowen and Company reaffirmed a “buy” rating and set a $49.00 price objective on shares of ManTech International Corporation in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered ManTech International Corporation from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Friday, September 29th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.86.
About ManTech International Corporation
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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