Several other analysts also recently weighed in on MANT. Stifel Nicolaus restated a hold rating and set a $65.00 target price on shares of Mantech International in a research note on Thursday, August 2nd. BidaskClub upgraded Mantech International from a hold rating to a buy rating in a research note on Saturday, November 10th. Cowen restated a buy rating and set a $65.00 target price on shares of Mantech International in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Mantech International from a hold rating to a buy rating and set a $62.00 target price for the company in a research note on Tuesday, November 6th. Finally, Credit Suisse Group increased their price target on shares of Mantech International from $47.00 to $50.00 and gave the stock an underperform rating in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $64.63.
NASDAQ MANT traded up $0.32 during trading hours on Wednesday, hitting $56.90. The company had a trading volume of 126,637 shares, compared to its average volume of 201,256. Mantech International has a fifty-two week low of $46.00 and a fifty-two week high of $68.11. The company has a market cap of $2.33 billion, a P/E ratio of 34.64, a P/E/G ratio of 3.51 and a beta of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.76%. Mantech International’s payout ratio is 61.73%.
In other Mantech International news, CEO Kevin M. Phillips sold 63,645 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $65.36, for a total value of $4,159,837.20. Following the transaction, the chief executive officer now owns 84,046 shares of the company’s stock, valued at $5,493,246.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Judith L. Bjornaas sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $66.98, for a total transaction of $669,800.00. Following the completion of the transaction, the insider now directly owns 16,000 shares in the company, valued at approximately $1,071,680. The disclosure for this sale can be found here. Insiders sold 78,645 shares of company stock worth $5,158,987 in the last three months. 34.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System lifted its holdings in Mantech International by 1.3% in the second quarter. New York State Teachers Retirement System now owns 72,380 shares of the technology company’s stock worth $3,882,000 after acquiring an additional 909 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Mantech International by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 13,515 shares of the technology company’s stock worth $725,000 after acquiring an additional 998 shares during the last quarter. Swiss National Bank lifted its holdings in Mantech International by 2.7% in the third quarter. Swiss National Bank now owns 45,987 shares of the technology company’s stock worth $2,911,000 after acquiring an additional 1,200 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Mantech International by 4.4% during the third quarter. Hillsdale Investment Management Inc. now owns 28,530 shares of the technology company’s stock valued at $1,806,000 after buying an additional 1,200 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Mantech International by 2.0% during the second quarter. Rhumbline Advisers now owns 64,858 shares of the technology company’s stock valued at $3,479,000 after buying an additional 1,261 shares during the last quarter. 63.30% of the stock is currently owned by hedge funds and other institutional investors.
Mantech International Company Profile
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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