ManTech International Corp. (MANT) Sees Large Volume Increase
ManTech International Corp. (NASDAQ:MANT) saw an uptick in trading volume on Thursday . 121,411 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 111,817 shares.The stock last traded at $40.06 and had previously closed at $39.03.
A number of research firms recently commented on MANT. Credit Suisse Group AG upgraded ManTech International Corp. from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $26.00 to $34.00 in a report on Thursday, April 28th. Zacks Investment Research upgraded ManTech International Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Monday, August 8th. Finally, Jefferies Group restated a “sell” rating and issued a $26.00 price objective on shares of ManTech International Corp. in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. ManTech International Corp. has a consensus rating of “Hold” and a consensus price target of $35.92.
The company’s 50-day moving average is $39.39 and its 200 day moving average is $34.15. The company has a market cap of $1.54 billion and a P/E ratio of 27.74.
ManTech International Corp. (NASDAQ:MANT) last posted its earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company had revenue of $401.35 million for the quarter, compared to analyst estimates of $402.12 million. ManTech International Corp.’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts forecast that ManTech International Corp. will post $1.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.08%.
In other news, SVP Judith L. Bjornaas sold 8,600 shares of ManTech International Corp. stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $40.60, for a total transaction of $349,160.00. Following the transaction, the senior vice president now owns 7,000 shares in the company, valued at approximately $284,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Keefe sold 3,199 shares of ManTech International Corp. stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $34.29, for a total value of $109,693.71. Following the transaction, the insider now owns 12,500 shares in the company, valued at approximately $428,625. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in ManTech International Corp. stock. Rhumbline Advisers raised its stake in shares of ManTech International Corp. (NASDAQ:MANT) by 10.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,336 shares of the company’s stock after buying an additional 3,670 shares during the period. Rhumbline Advisers owned about 0.10% of ManTech International Corp. worth $1,190,000 at the end of the most recent 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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