Wedge Capital Management L L P NC cut its holdings in Mantech International Corp (NASDAQ:MANT) by 43.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,169 shares of the technology company’s stock after selling 3,986 shares during the period. Wedge Capital Management L L P NC’s holdings in Mantech International were worth $369,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Mantech International by 1,578.6% in the 1st quarter. FMR LLC now owns 705 shares of the technology company’s stock valued at $38,000 after buying an additional 663 shares during the period. Bank of Montreal Can boosted its holdings in shares of Mantech International by 4,472.0% in the 2nd quarter. Bank of Montreal Can now owns 2,286 shares of the technology company’s stock valued at $150,000 after buying an additional 2,236 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of Mantech International in the 3rd quarter valued at about $224,000. CAPROCK Group Inc. acquired a new position in shares of Mantech International in the 2nd quarter valued at about $214,000. Finally, M&T Bank Corp acquired a new position in shares of Mantech International in the 2nd quarter valued at about $238,000. 65.16% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Kevin M. Phillips sold 32,431 shares of Mantech International stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $67.98, for a total value of $2,204,659.38. Following the transaction, the chief executive officer now directly owns 106,063 shares of the company’s stock, valued at $7,210,162.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 33.70% of the company’s stock.
NASDAQ:MANT traded up $0.14 during mid-day trading on Friday, hitting $75.45. The stock had a trading volume of 117,700 shares, compared to its average volume of 132,713. The company has a 50 day simple moving average of $70.39 and a 200-day simple moving average of $66.76. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 3.91 and a beta of 0.89. The company has a current ratio of 1.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.09. Mantech International Corp has a 52 week low of $48.25 and a 52 week high of $86.28.
Mantech International (NASDAQ:MANT) last released its earnings results on Wednesday, October 30th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09. The business had revenue of $579.18 million for the quarter, compared to the consensus estimate of $558.39 million. Mantech International had a net margin of 4.42% and a return on equity of 6.56%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, equities research analysts anticipate that Mantech International Corp will post 2.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, December 5th. Mantech International’s dividend payout ratio (DPR) is currently 52.43%.
Mantech International Company Profile
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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