Mantech International Corp (MANT) Insider Judith L. Bjornaas Sells 10,000 Shares
Mantech International Corp (NASDAQ:MANT) insider Judith L. Bjornaas sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $66.98, for a total value of $669,800.00. Following the transaction, the insider now owns 16,000 shares in the company, valued at approximately $1,071,680. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Mantech International stock traded down $0.17 during midday trading on Friday, hitting $66.61. The company had a trading volume of 175,292 shares, compared to its average volume of 107,358. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.64 billion, a P/E ratio of 41.12, a PEG ratio of 4.04 and a beta of 0.83. Mantech International Corp has a 52-week low of $39.48 and a 52-week high of $68.11.
Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $476.98 million. Mantech International had a return on equity of 5.46% and a net margin of 6.68%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. equities analysts expect that Mantech International Corp will post 2.07 EPS for the current year.
A number of research firms have weighed in on MANT. BidaskClub upgraded Mantech International from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Thursday, June 21st. Noble Financial reiterated a “hold” rating on shares of Mantech International in a report on Friday, August 3rd. Wells Fargo & Co upgraded Mantech International from a “market perform” rating to an “outperform” rating in a report on Thursday, May 31st. Finally, Stifel Nicolaus began coverage on Mantech International in a report on Friday, May 25th. They set a “hold” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Mantech International currently has an average rating of “Buy” and an average price target of $63.25.
Institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Mantech International in the 1st quarter worth approximately $105,000. Contravisory Investment Management Inc. purchased a new stake in shares of Mantech International in the 2nd quarter worth approximately $133,000. Amalgamated Bank purchased a new stake in shares of Mantech International in the 1st quarter worth approximately $203,000. CIBC Asset Management Inc purchased a new stake in shares of Mantech International in the 1st quarter worth approximately $207,000. Finally, SG Americas Securities LLC grew its stake in shares of Mantech International by 155.2% in the 1st quarter. SG Americas Securities LLC now owns 5,568 shares of the technology company’s stock worth $309,000 after buying an additional 3,386 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.
About Mantech International
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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