Insider Selling: Mantech International Corp (MANT) Insider Sells $329,460.00 in Stock

Mantech International Corp (NASDAQ:MANT) insider Daniel J. Keefe sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $54.91, for a total value of $329,460.00. Following the completion of the sale, the insider now directly owns 6,000 shares in the company, valued at approximately $329,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Daniel J. Keefe also recently made the following trade(s):

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  • On Monday, March 5th, Daniel J. Keefe sold 4,327 shares of Mantech International stock. The shares were sold at an average price of $57.03, for a total value of $246,768.81.

Shares of Mantech International stock opened at $53.54 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.61 and a quick ratio of 1.61. Mantech International Corp has a 12-month low of $33.50 and a 12-month high of $62.24. The stock has a market capitalization of $2,100.32, a price-to-earnings ratio of 32.85, a PEG ratio of 3.34 and a beta of 0.92.

Mantech International (NASDAQ:MANT) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Mantech International had a return on equity of 4.96% and a net margin of 6.65%. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $461.91 million. During the same period in the prior year, the business earned $0.35 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. sell-side analysts anticipate that Mantech International Corp will post 2.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a $0.25 dividend. This is an increase from Mantech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, March 8th. Mantech International’s dividend payout ratio is currently 17.18%.

Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mantech International by 297.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,283 shares of the technology company’s stock worth $145,000 after buying an additional 2,458 shares during the period. SG Americas Securities LLC purchased a new position in Mantech International during the third quarter worth about $165,000. Barings LLC purchased a new position in Mantech International during the fourth quarter worth about $221,000. Paloma Partners Management Co purchased a new position in Mantech International during the fourth quarter worth about $274,000. Finally, BlueCrest Capital Management Ltd purchased a new position in Mantech International during the fourth quarter worth about $275,000. Institutional investors and hedge funds own 64.40% of the company’s stock.

Several analysts have weighed in on MANT shares. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Saturday, February 17th. Cowen reissued an “outperform” rating and issued a $60.00 target price (up previously from $55.00) on shares of Mantech International in a report on Thursday, February 22nd. Loop Capital upped their target price on Mantech International to $57.00 in a report on Tuesday, December 19th. Finally, BidaskClub lowered Mantech International from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Mantech International currently has an average rating of “Hold” and a consensus price target of $56.14.

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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.

Insider Buying and Selling by Quarter for Mantech International (NASDAQ:MANT)

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