Maxim Group set a $44.00 price target on ManTech International Corporation (NASDAQ:MANT) in a research report released on Thursday, August 3rd. The brokerage currently has a buy rating on the technology company’s stock.
Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of ManTech International Corporation from a buy rating to a hold rating in a research note on Tuesday, July 18th. Loop Capital upgraded shares of ManTech International Corporation from a hold rating to a buy rating and increased their price target for the stock from $41.00 to $44.00 in a research note on Friday, June 30th. TheStreet upgraded shares of ManTech International Corporation from a c+ rating to a b rating in a research note on Thursday, May 4th. Cowen and Company upgraded shares of ManTech International Corporation from a market perform rating to an outperform rating and set a $45.00 price target on the stock in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of ManTech International Corporation from a hold rating to a sell rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $40.67.
Shares of ManTech International Corporation (NASDAQ:MANT) opened at 39.02 on Thursday. The stock’s 50 day moving average is $39.96 and its 200 day moving average is $38.07. The stock has a market capitalization of $1.52 billion, a PE ratio of 25.72 and a beta of 0.94. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $45.52.
ManTech International Corporation (NASDAQ:MANT) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. ManTech International Corporation had a net margin of 3.59% and a return on equity of 4.73%. The company had revenue of $413.70 million during the quarter, compared to the consensus estimate of $418.60 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that ManTech International Corporation will post $1.52 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “ManTech International Corporation (MANT) PT Set at $44.00 by Maxim Group” was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/08/13/maxim-group-reiterates-44-00-price-target-for-mantech-international-corporation-mant-updated.html.
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.21 dividend. The ex-dividend date is Thursday, September 7th. This represents a yield of 2.01%. ManTech International Corporation’s payout ratio is presently 27.63%.
In related news, insider Daniel J. Keefe sold 9,989 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $38.66, for a total value of $386,174.74. Following the transaction, the insider now directly owns 9,989 shares in the company, valued at approximately $386,174.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Armitage sold 3,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.01, for a total transaction of $120,030.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $160,040. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $603,431 over the last quarter. 22.28% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in shares of ManTech International Corporation by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 5,051 shares of the technology company’s stock worth $209,000 after buying an additional 2,231 shares during the period. West Coast Financial LLC bought a new stake in shares of ManTech International Corporation during the second quarter worth $211,000. Neuberger Berman Group LLC bought a new stake in shares of ManTech International Corporation during the second quarter worth $223,000. Mason Street Advisors LLC increased its stake in shares of ManTech International Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 5,976 shares of the technology company’s stock worth $207,000 after buying an additional 436 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ManTech International Corporation by 43.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,783 shares of the technology company’s stock worth $235,000 after buying an additional 2,053 shares during the period. 60.89% of the stock is owned by hedge funds and other institutional investors.
ManTech International Corporation Company Profile
ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.
Receive News & Ratings for ManTech International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManTech International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.