Mantech International (NASDAQ:MANT) had its price target increased by SunTrust Banks to $58.00 in a report released on Thursday morning. They currently have a hold rating on the technology company’s stock. SunTrust Banks also issued estimates for Mantech International’s Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.51 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.56 EPS and Q4 2019 earnings at $0.57 EPS.
Other research analysts also recently issued reports about the stock. Loop Capital lifted their target price on shares of Mantech International to $57.00 in a research report on Tuesday, December 19th. Cowen reissued a buy rating and issued a $54.00 target price on shares of Mantech International in a research report on Thursday, November 30th. Maxim Group lifted their target price on shares of Mantech International from $47.00 to $53.00 and gave the stock a buy rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Mantech International from a hold rating to a buy rating and set a $58.00 target price on the stock in a research report on Thursday, January 11th. Finally, BidaskClub raised shares of Mantech International from a sell rating to a hold rating in a research report on Saturday, February 10th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Mantech International has an average rating of Hold and an average target price of $56.14.
Mantech International (NASDAQ MANT) opened at $58.22 on Thursday. The firm has a market cap of $2,270.17, a P/E ratio of 20.01, a PEG ratio of 3.79 and a beta of 1.04. The company has a quick ratio of 2.26, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Mantech International has a 1 year low of $33.50 and a 1 year high of $62.24.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.25 per share. This is a boost from Mantech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, March 8th. Mantech International’s dividend payout ratio (DPR) is currently 14.43%.
In related news, Director Mary K. Bush sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $50.45, for a total transaction of $50,450.00. Following the completion of the sale, the director now directly owns 7,540 shares in the company, valued at $380,393. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Judith L. Bjornaas sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $50.79, for a total transaction of $380,925.00. The disclosure for this sale can be found here. Company insiders own 22.28% of the company’s stock.
Several hedge funds have recently bought and sold shares of MANT. Franklin Resources Inc. acquired a new stake in shares of Mantech International during the fourth quarter worth approximately $13,489,000. Wells Fargo & Company MN boosted its holdings in shares of Mantech International by 126.7% during the fourth quarter. Wells Fargo & Company MN now owns 325,136 shares of the technology company’s stock worth $16,318,000 after purchasing an additional 181,689 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of Mantech International by 38.7% during the third quarter. Chartwell Investment Partners LLC now owns 471,340 shares of the technology company’s stock worth $20,809,000 after purchasing an additional 131,495 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Mantech International by 11.8% during the third quarter. Victory Capital Management Inc. now owns 1,181,031 shares of the technology company’s stock worth $52,143,000 after purchasing an additional 125,005 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Mantech International during the fourth quarter worth approximately $5,819,000. Institutional investors and hedge funds own 62.96% of the company’s stock.
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About Mantech International
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.
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