Mantech International (NASDAQ:MANT) Given New $57.00 Price Target at Loop Capital

Mantech International (NASDAQ:MANT) had its price target increased by Loop Capital to $57.00 in a report released on Tuesday, December 19th, The Fly reports.

Several other research analysts have also recently commented on MANT. Cowen reiterated a buy rating and issued a $45.00 price target on shares of Mantech International in a research note on Monday, August 21st. Zacks Investment Research cut Mantech International from a buy rating to a hold rating in a research note on Wednesday, August 23rd. Finally, Maxim Group restated a buy rating and set a $47.00 price objective (up previously from $44.00) on shares of Mantech International in a research note on Wednesday, September 20th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $47.86.

Shares of Mantech International (NASDAQ MANT) traded up $0.34 on Tuesday, hitting $52.06. The company’s stock had a trading volume of 197,962 shares, compared to its average volume of 121,045. The firm has a market capitalization of $2,020.00, a PE ratio of 34.03, a PEG ratio of 3.72 and a beta of 0.97. Mantech International has a 12 month low of $33.50 and a 12 month high of $53.29.

Mantech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Mantech International had a return on equity of 4.73% and a net margin of 3.61%. The company had revenue of $422.70 million for the quarter, compared to analysts’ expectations of $427.44 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. equities research analysts expect that Mantech International will post 1.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, December 7th. Mantech International’s dividend payout ratio (DPR) is presently 27.45%.

In other news, insider Judith L. Bjornaas sold 7,500 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Keefe sold 6,500 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.85, for a total value of $324,025.00. Following the completion of the transaction, the insider now directly owns 6,500 shares of the company’s stock, valued at $324,025. The disclosure for this sale can be found here. Insiders have sold 65,500 shares of company stock valued at $3,206,080 over the last ninety days. Corporate insiders own 35.06% of the company’s stock.

A number of hedge funds have recently modified their holdings of MANT. Teachers Advisors LLC lifted its position in Mantech International by 1.6% in the first quarter. Teachers Advisors LLC now owns 39,964 shares of the technology company’s stock worth $1,384,000 after purchasing an additional 628 shares during the period. Renaissance Technologies LLC lifted its position in Mantech International by 5.1% in the first quarter. Renaissance Technologies LLC now owns 21,433 shares of the technology company’s stock worth $742,000 after purchasing an additional 1,033 shares during the period. Aperio Group LLC lifted its position in Mantech International by 2.8% in the second quarter. Aperio Group LLC now owns 11,843 shares of the technology company’s stock worth $490,000 after purchasing an additional 317 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in Mantech International by 2.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,190 shares of the technology company’s stock worth $381,000 after purchasing an additional 240 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Mantech International by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 37,720 shares of the technology company’s stock worth $1,560,000 after purchasing an additional 1,400 shares during the period. 63.24% of the stock is owned by institutional investors and hedge funds.

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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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