Shares of Mantech International Corp (NASDAQ:MANT) have been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $63.25.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Mantech International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Credit Suisse Group increased their target price on shares of Mantech International from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 6th. Noble Financial restated a “hold” rating on shares of Mantech International in a research report on Friday, August 3rd. SunTrust Banks restated a “buy” rating and set a $70.00 price objective on shares of Mantech International in a research report on Thursday, August 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $65.00 price objective on shares of Mantech International in a research report on Thursday, August 2nd.

In other Mantech International news, Director Richard J. Kerr sold 1,598 shares of Mantech International stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $62.72, for a total transaction of $100,226.56. Following the completion of the sale, the director now directly owns 25,222 shares in the company, valued at $1,581,923.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Phillips sold 63,645 shares of Mantech International stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $65.36, for a total transaction of $4,159,837.20. Following the sale, the chief executive officer now owns 84,046 shares of the company’s stock, valued at $5,493,246.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,835 shares of company stock valued at $5,359,430. 22.28% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of Mantech International by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 440,765 shares of the technology company’s stock valued at $23,643,000 after purchasing an additional 8,128 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Mantech International by 300.9% in the second quarter. Public Employees Retirement System of Ohio now owns 11,741 shares of the technology company’s stock valued at $630,000 after purchasing an additional 8,812 shares during the period. Verition Fund Management LLC purchased a new position in shares of Mantech International in the second quarter valued at approximately $331,000. California Public Employees Retirement System boosted its stake in shares of Mantech International by 19.5% in the second quarter. California Public Employees Retirement System now owns 64,522 shares of the technology company’s stock valued at $3,461,000 after purchasing an additional 10,513 shares during the period. Finally, Castleark Management LLC boosted its stake in shares of Mantech International by 67.5% in the second quarter. Castleark Management LLC now owns 233,993 shares of the technology company’s stock valued at $12,551,000 after purchasing an additional 94,321 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Shares of NASDAQ MANT traded down $0.31 during mid-day trading on Friday, reaching $66.70. The company’s stock had a trading volume of 110,314 shares, compared to its average volume of 115,425. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 4.05 and a beta of 0.83. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.02. Mantech International has a 1-year low of $39.60 and a 1-year high of $68.11.

Mantech International (NASDAQ:MANT) last issued its earnings results on Wednesday, August 1st. The technology company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business had revenue of $491.00 million during the quarter, compared to analysts’ expectations of $476.98 million. Mantech International had a net margin of 6.68% and a return on equity of 5.46%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. equities research analysts expect that Mantech International will post 2.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.50%. The ex-dividend date is Thursday, September 6th. Mantech International’s payout ratio is currently 61.73%.

About Mantech International

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It 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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