Wedge Capital Management L L P NC cut its position in Mantech International Corp (NASDAQ:MANT) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,157 shares of the technology company’s stock after selling 1,358 shares during the period. Wedge Capital Management L L P NC’s holdings in Mantech International were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MANT. IFP Advisors Inc bought a new stake in Mantech International in the 3rd quarter valued at $123,000. Contravisory Investment Management Inc. acquired a new position in Mantech International in the 2nd quarter valued at $133,000. CAPROCK Group Inc. acquired a new position in Mantech International in the 3rd quarter valued at $206,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Mantech International in the 2nd quarter valued at $299,000. Finally, Verition Fund Management LLC acquired a new position in Mantech International in the 2nd quarter valued at $331,000. Institutional investors and hedge funds own 63.39% of the company’s stock.

Shares of NASDAQ MANT opened at $60.42 on Friday. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 3.64 and a beta of 0.97. Mantech International Corp has a fifty-two week low of $46.00 and a fifty-two week high of $68.11.

Mantech International (NASDAQ:MANT) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Mantech International had a return on equity of 5.84% and a net margin of 6.77%. The company had revenue of $497.20 million during the quarter, compared to analysts’ expectations of $487.86 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Mantech International’s revenue was up 17.6% on a year-over-year basis. Equities research analysts anticipate that Mantech International Corp will post 2.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. Mantech International’s dividend payout ratio (DPR) is currently 61.73%.

In other news, CEO Kevin M. Phillips sold 63,645 shares of the business’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $65.36, for a total transaction of $4,159,837.20. Following the completion of the transaction, the chief executive officer now owns 84,046 shares of the company’s stock, valued at approximately $5,493,246.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Judith L. Bjornaas sold 10,000 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $66.98, for a total value of $669,800.00. Following the transaction, the insider now directly owns 16,000 shares of the company’s stock, valued at approximately $1,071,680. The disclosure for this sale can be found here. Insiders have sold a total of 80,237 shares of company stock valued at $5,259,204 in the last three months. 22.28% of the stock is owned by insiders.

Several brokerages have weighed in on MANT. Stifel Nicolaus reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Mantech International in a report on Thursday, August 2nd. Cowen reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Mantech International in a report on Monday, November 5th. BidaskClub raised Mantech International from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday. Finally, Credit Suisse Group lifted their price objective on Mantech International from $47.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $64.63.

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Mantech International Company Profile

ManTech International Corporation provides technologies and solutions for mission-critical national security programs worldwide. It 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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Institutional Ownership by Quarter for Mantech International (NASDAQ:MANT)

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