ManTech International Corp. (MANT) Sees Strong Trading Volume
ManTech International Corp. (NASDAQ:MANT) shares saw unusually-high trading volume on Monday . Approximately 166,785 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 156,429 shares.The stock last traded at $38.49 and had previously closed at $38.72.
MANT has been the topic of a number of recent analyst reports. Credit Suisse Group AG upgraded shares of ManTech International Corp. from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $26.00 to $34.00 in a report on Thursday, April 28th. Zacks Investment Research lowered shares of ManTech International Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $34.42.
The stock’s 50 day moving average price is $36.26 and its 200 day moving average price is $32.02. The company has a market cap of $1.45 billion and a price-to-earnings ratio of 27.54.
ManTech International Corp. (NASDAQ:MANT) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. During the same quarter in the previous year, the business posted $0.31 EPS. The company earned $390.66 million during the quarter, compared to analyst estimates of $386.69 million. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that ManTech International Corp. will post $1.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, June 8th.
In other ManTech International Corp. news, insider L. William Varner sold 62,500 shares of the firm’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 completion of the sale, the insider now owns 25,000 shares in the company, valued at approximately $842,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Judith L. Bjornaas sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were 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 of the company’s stock, valued at approximately $246,190. The disclosure for this sale can be found here.
Other large investors recently bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in ManTech International Corp. during the fourth quarter valued at $14,304,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of ManTech International Corp. during the fourth quarter valued at approximately $3,148,000. Dean Investment Associates LLC acquired a new stake in shares of ManTech International Corp. during the fourth quarter valued at approximately $2,669,000. Heartland Advisors Inc. boosted its stake in shares of ManTech International Corp. by 1.5% in the fourth quarter. Heartland Advisors Inc. now owns 1,366,994 shares of the company’s stock valued at $41,338,000 after buying an additional 20,123 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of ManTech International Corp. by 10.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 113,386 shares of the company’s stock valued at $3,429,000 after buying an additional 10,268 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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