ManTech International Corporation (MANT) Given New $53.00 Price Target at Loop Capital
ManTech International Corporation (NASDAQ:MANT) had its target price lifted by Loop Capital from $45.00 to $53.00 in a report released on Thursday. They currently have a buy rating on the technology company’s stock.
A number of other research analysts also recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of ManTech International Corporation from $42.00 to $44.00 and gave the company an underperform rating in a research 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 research report on Thursday, October 12th. Zacks Investment Research downgraded shares of ManTech International Corporation from a buy rating to a hold rating and set a $49.00 price objective on the stock. in a research report on Friday, September 29th. Finally, Maxim Group reaffirmed a buy rating and set a $47.00 price objective (up from $44.00) on shares of ManTech International Corporation in a research report on Wednesday, September 20th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $44.86.
Shares of ManTech International Corporation (NASDAQ:MANT) traded down $0.60 on Thursday, reaching $50.38. 202,317 shares of the company were exchanged, compared to its average volume of 133,917. The stock has a market capitalization of $1,959.08, a PE ratio of 32.93, a P/E/G ratio of 4.05 and a beta of 0.93.
ManTech International Corporation (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. ManTech International Corporation had a net margin of 3.61% and a return on equity of 4.73%. The firm had revenue of $422.70 million for the quarter, compared to the consensus estimate of $427.44 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. sell-side analysts forecast that ManTech International Corporation will post 1.56 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, December 7th. ManTech International Corporation’s dividend payout ratio is 27.45%.
In other ManTech International Corporation news, Director Mary K. Bush sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $40.39, for a total value of $100,975.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company’s stock, valued at $344,930.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kevin M. Phillips sold 24,020 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $41.03, for a total transaction of $985,540.60. Following the completion of the sale, the chief operating officer now directly owns 47,656 shares of the company’s stock, valued at $1,955,325.68. The disclosure for this sale can be found here. Insiders sold 28,520 shares of company stock valued at $1,167,556 over the last three months. Insiders own 22.28% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in ManTech International Corporation 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 acquiring an additional 252,770 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of ManTech International Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 2,707,606 shares of the technology company’s stock worth $93,765,000 after buying an additional 234,114 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of ManTech International Corporation by 1.7% in the second quarter. Earnest Partners LLC now owns 1,403,248 shares of the technology company’s stock worth $58,066,000 after buying an additional 23,191 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of ManTech International Corporation by 11.8% in the third quarter. Victory Capital Management Inc. now owns 1,181,031 shares of the technology company’s stock worth $52,143,000 after buying an additional 125,005 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of ManTech International Corporation 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 buying an additional 175,453 shares during the last quarter. 61.53% 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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