Mantech International (MANT) Price Target Raised to $60.00
Mantech International (NASDAQ:MANT) had its target price boosted by Loop Capital to $60.00 in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the technology company’s stock.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Mantech International from a strong-buy rating to a hold rating in a research report on Wednesday. Cowen reaffirmed a buy rating and issued a $54.00 price target on shares of Mantech International in a research report on Thursday, November 30th. Maxim Group raised their price target on Mantech International from $47.00 to $53.00 and gave the company a buy rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co raised their price target on Mantech International from $42.00 to $44.00 and gave the company an underperform rating in a research report on Wednesday, October 25th. 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 stock. The stock has an average rating of Hold and an average target price of $46.57.
Mantech International (NASDAQ MANT) traded up $0.28 during trading on Wednesday, reaching $51.49. 79,565 shares of the company’s stock traded hands, compared to its average volume of 124,783. The firm has a market capitalization of $2,007.75, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 3.72 and a beta of 0.97. Mantech International has a 52-week low of $33.50 and a 52-week high of $53.29.
Mantech International (NASDAQ:MANT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $422.70 million for the quarter, compared to the consensus estimate of $427.44 million. Mantech International had a net margin of 3.61% and a return on equity of 4.73%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. equities analysts expect that Mantech International will post 1.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, December 7th. Mantech International’s dividend payout ratio is currently 27.45%.
In other news, insider Judith L. Bjornaas sold 7,500 shares of the firm’s 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 filing with the SEC, which can be accessed through this link. Also, insider Daniel J. Keefe sold 6,500 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $49.85, for a total value of $324,025.00. Following the completion of the sale, the insider now directly owns 6,500 shares in the company, valued at $324,025. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,500 shares of company stock worth $3,206,080. 22.28% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Mantech International by 297.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock valued at $145,000 after buying an additional 2,458 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Mantech International by 43.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,888 shares of the technology company’s stock valued at $153,000 after buying an additional 1,181 shares during the period. SG Americas Securities LLC bought a new stake in shares of Mantech International in the third quarter valued at about $165,000. GLG Partners LP bought a new stake in shares of Mantech International in the second quarter valued at about $166,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Mantech International by 5.5% in the second quarter. Public Employees Retirement System of Ohio now owns 4,576 shares of the technology company’s stock valued at $189,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 63.24% of the company’s stock.
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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.
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