ManTech International (NASDAQ:MANT) Sets New 52-Week High at $95.16


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ManTech International Co. (NASDAQ:MANT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.16 and last traded at $95.01, with a volume of 839 shares. The stock had previously closed at $94.06.

A number of research firms have commented on MANT. BidaskClub upgraded shares of ManTech International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 31st. Morgan Stanley raised their price target on ManTech International from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $82.14.

The business has a 50 day moving average price of $84.16 and a 200-day moving average price of $74.30. The firm has a market capitalization of $3.84 billion, a PE ratio of 29.94, a P/E/G ratio of 3.39 and a beta of 0.77.

ManTech International (NASDAQ:MANT) last released its quarterly earnings data on Thursday, November 5th. The technology company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.07. The firm had revenue of $636.20 million during the quarter, compared to analysts’ expectations of $619.67 million. ManTech International had a return on equity of 8.75% and a net margin of 5.19%. ManTech International’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 earnings per share. Equities research analysts expect that ManTech International Co. will post 3.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 18th. Investors of record on Friday, December 4th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, December 3rd. ManTech International’s dividend payout ratio (DPR) is 43.99%.

Several hedge funds and other institutional investors have recently modified their holdings of MANT. Point72 Hong Kong Ltd lifted its stake in shares of ManTech International by 1,091.9% during the third quarter. Point72 Hong Kong Ltd now owns 441 shares of the technology company’s stock valued at $30,000 after buying an additional 404 shares during the period. FMR LLC lifted its stake in shares of ManTech International by 1,578.6% during the 1st quarter. FMR LLC now owns 705 shares of the technology company’s stock worth $38,000 after purchasing an additional 663 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of ManTech International by 45.3% during the fourth quarter. Global Trust Asset Management LLC now owns 433 shares of the technology company’s stock worth $39,000 after purchasing an additional 135 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of ManTech International by 29.7% in the third quarter. Advisors Asset Management Inc. now owns 794 shares of the technology company’s stock valued at $55,000 after purchasing an additional 182 shares during the period. Finally, FinTrust Capital Advisors LLC increased its stake in ManTech International by 110.5% in the second quarter. FinTrust Capital Advisors LLC now owns 1,118 shares of the technology company’s stock valued at $77,000 after purchasing an additional 587 shares during the last quarter. Institutional investors and hedge funds own 60.74% of the company’s stock.

ManTech International Company Profile (NASDAQ:MANT)

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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