ManTech International Corp. (MANT) Sees Strong Trading Volume
ManTech International Corp. (NASDAQ:MANT) shares saw strong trading volume on Monday . 246,517 shares were traded during trading, an increase of 114% from the previous session’s volume of 115,308 shares.The stock last traded at $39.75 and had previously closed at $39.51.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, April 20th. Jefferies Group restated a “sell” rating and set a $26.00 price objective on shares of ManTech International Corp. in a research report on Thursday, July 28th. Finally, Credit Suisse Group AG upgraded shares of ManTech International Corp. from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $26.00 to $34.00 in a research report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.75.
The firm’s 50 day moving average price is $37.92 and its 200 day moving average price is $33.09. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 27.34.
ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. During the same period last year, the company earned $0.33 earnings per share. The company had revenue of $401.35 million for the quarter, compared to analyst estimates of $402.12 million. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that ManTech International Corp. will post $1.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.11%.
In related news, insider L. William Varner sold 62,500 shares of the business’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $33.70, for a total value of $2,106,250.00. Following the sale, the insider now directly owns 25,000 shares in the company, valued at approximately $842,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Judith L. Bjornaas sold 15,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $35.17, for a total transaction of $527,550.00. Following the completion of the sale, the chief financial officer now owns 7,000 shares in the company, valued at $246,190. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in ManTech International Corp. by 1.5% in the fourth quarter. First Trust Advisors LP now owns 107,512 shares of the company’s stock valued at $3,251,000 after buying an additional 1,555 shares in the last quarter. Dean Investment Associates LLC acquired a new stake in ManTech International Corp. during the fourth quarter valued at approximately $2,669,000. California State Teachers Retirement System raised its stake in ManTech International Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 44,947 shares of the company’s stock valued at $1,359,000 after buying an additional 789 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in ManTech International Corp. by 10.3% in the fourth quarter. Rhumbline Advisers now owns 39,336 shares of the company’s stock valued at $1,190,000 after buying an additional 3,670 shares in the last quarter.
ManTech International Corporation is a provider of technologies and solutions for national security programs for the intelligence community; the departments of Defense State Homeland Security Energy and Justice, including the Federal Bureau of Investigation; the healthcare and space communities; and other United States federal Government customers.
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