Keybank National Association OH lessened its position in shares of Mantech International Corp (NASDAQ:MANT) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,819 shares of the technology company’s stock after selling 225 shares during the period. Keybank National Association OH’s holdings in Mantech International were worth $1,305,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in MANT. Norges Bank bought a new position in Mantech International during the 4th quarter worth about $23,047,000. OppenheimerFunds Inc. increased its holdings in Mantech International by 9.4% during the 1st quarter. OppenheimerFunds Inc. now owns 751,664 shares of the technology company’s stock worth $40,605,000 after purchasing an additional 64,530 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in Mantech International during the 2nd quarter worth about $2,239,000. Marshall Wace LLP bought a new position in Mantech International during the 1st quarter worth about $1,507,000. Finally, Victory Capital Management Inc. increased its holdings in Mantech International by 1.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,157,978 shares of the technology company’s stock worth $62,554,000 after purchasing an additional 20,473 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.
Shares of Mantech International stock traded up $0.73 during trading hours on Friday, reaching $67.88. 354,200 shares of the company’s stock were exchanged, compared to its average volume of 129,968. The company has a 50 day moving average of $67.44 and a two-hundred day moving average of $60.69. Mantech International Corp has a fifty-two week low of $48.25 and a fifty-two week high of $71.90. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.69 billion, a P/E ratio of 32.95, a P/E/G ratio of 3.63 and a beta of 0.92.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.08 annualized dividend and a yield of 1.59%. Mantech International’s dividend payout ratio (DPR) is currently 52.43%.
A number of research firms have issued reports on MANT. BidaskClub upgraded Mantech International from a “buy” rating to a “strong-buy” rating in a report on Monday, May 6th. ValuEngine upgraded Mantech International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley began coverage on shares of Mantech International in a research note on Monday, June 3rd. They set an “equal weight” rating and a $65.00 price objective for the company. Finally, SunTrust Banks increased their price objective on shares of Mantech International to $77.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $73.40.
In related news, insider Richard John Wagner sold 8,600 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $70.23, for a total value of $603,978.00. Following the completion of the sale, the insider now directly owns 7,635 shares in the company, valued at approximately $536,206.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Armitage sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $62.27, for a total transaction of $249,080.00. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at $249,080. The disclosure for this sale can be found here. Company insiders own 33.70% of the company’s stock.
About Mantech International
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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