ManTech International Corp. (MANT) Sees Strong Trading Volume
Shares of ManTech International Corp. (NASDAQ:MANT) saw unusually-high trading volume on Thursday . Approximately 121,411 shares were traded during 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.
MANT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of ManTech International Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Wednesday, April 20th. Credit Suisse Group AG upgraded shares of ManTech International Corp. from an “underperform” rating to a “neutral” rating and upped their price target for the company from $26.00 to $34.00 in a report on Thursday, April 28th. Finally, Jefferies Group reiterated a “sell” rating and set a $26.00 price target on shares of ManTech International Corp. in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. ManTech International Corp. currently has a consensus rating of “Hold” and an average target price of $35.92.
The company has a 50-day moving average of $39.32 and a 200 day moving average of $34.06. The company has a market capitalization of $1.54 billion and a price-to-earnings ratio of 27.71.
ManTech International Corp. (NASDAQ:MANT) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $401.35 million for the quarter, compared to analysts’ expectations of $402.12 million. During the same period last year, the business earned $0.33 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that ManTech International Corp. will post $1.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%.
In related news, SVP Judith L. Bjornaas sold 8,600 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $40.60, for a total value of $349,160.00. Following the completion of the transaction, the senior vice president now directly owns 7,000 shares of the company’s stock, valued at $284,200. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel J. Keefe sold 37,500 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $39.36, for a total transaction of $1,476,000.00. Following the completion of the transaction, the insider now directly owns 12,500 shares of the company’s stock, valued at $492,000. 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 position in shares of ManTech International Corp. (NASDAQ:MANT) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 0.10% of ManTech International Corp. worth $1,190,000 as of its most recent SEC filing.
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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