Mantech International Corp (NASDAQ:MANT) has received an average recommendation of “Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $65.86.
Several research analysts have commented on MANT shares. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Morgan Stanley downgraded shares of Meili from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $14.00 to $4.20 in a research note on Monday, June 3rd. Finally, BidaskClub raised shares of Ultra Clean from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.
Shares of NASDAQ:MANT traded down $0.32 during midday trading on Friday, reaching $67.42. 116,419 shares of the company were exchanged, compared to its average volume of 117,540. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.02. Mantech International has a fifty-two week low of $48.25 and a fifty-two week high of $68.86. The stock’s fifty day moving average price is $64.66. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 3.72 and a beta of 0.94.
The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, June 6th. Mantech International’s payout ratio is 52.43%.
In other news, CFO Judith L. Bjornaas sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $62.90, for a total transaction of $754,800.00. Following the sale, the chief financial officer now owns 22,000 shares in the company, valued at approximately $1,383,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard L. Armitage sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $62.27, for a total transaction of $249,080.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at approximately $249,080. The disclosure for this sale can be found here. 33.70% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in MANT. BlackRock Inc. increased its position in shares of Mantech International by 5.8% during the 4th quarter. BlackRock Inc. now owns 3,987,949 shares of the technology company’s stock valued at $208,550,000 after purchasing an additional 217,476 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Mantech International by 1.8% in the first quarter. Victory Capital Management Inc. now owns 1,157,978 shares of the technology company’s stock worth $62,554,000 after acquiring an additional 20,473 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Mantech International by 9.4% in the first quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock worth $40,605,000 after acquiring an additional 64,530 shares in the last quarter. Norges Bank acquired a new stake in Mantech International in the fourth quarter worth about $23,047,000. Finally, Geode Capital Management LLC boosted its holdings in Mantech International by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 311,857 shares of the technology company’s stock worth $16,308,000 after acquiring an additional 4,829 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.
Mantech International Company Profile
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company 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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