Wedge Capital Management L L P NC lowered its holdings in shares of Mantech International Corp (NASDAQ:MANT) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,157 shares of the technology company’s stock after selling 1,358 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Mantech International were worth $770,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MANT. OppenheimerFunds Inc. raised its position in shares of Mantech International by 1,577.9% during the second quarter. OppenheimerFunds Inc. now owns 336,309 shares of the technology company’s stock worth $18,039,000 after purchasing an additional 316,266 shares during the period. BlackRock Inc. raised its position in Mantech International by 8.1% in the 2nd quarter. BlackRock Inc. now owns 3,621,012 shares of the technology company’s stock valued at $194,230,000 after buying an additional 270,010 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in Mantech International in the 2nd quarter valued at approximately $13,137,000. Massachusetts Financial Services Co. MA raised its position in Mantech International by 77.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 543,956 shares of the technology company’s stock valued at $29,178,000 after buying an additional 237,373 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Mantech International by 139.8% in the 2nd quarter. First Trust Advisors LP now owns 363,534 shares of the technology company’s stock valued at $19,500,000 after buying an additional 211,944 shares during the last quarter. 63.39% of the stock is currently owned by institutional investors.
Shares of Mantech International stock opened at $60.42 on Friday. Mantech International Corp has a 52-week low of $46.00 and a 52-week high of $68.11. The company has a market capitalization of $2.40 billion, a P/E ratio of 30.20, a PEG ratio of 3.64 and a beta of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.66%. Mantech International’s dividend payout ratio is 61.73%.
A number of brokerages recently issued reports on MANT. BidaskClub raised Mantech International from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research raised Mantech International from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday. Cowen reissued a “buy” rating and issued a $65.00 target price on shares of Mantech International in a research report on Monday, November 5th. Loop Capital lifted their target price on Mantech International to $80.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Finally, Credit Suisse Group lifted their target price on Mantech International from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $64.63.
In other Mantech International news, insider Judith L. Bjornaas sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $65.87, for a total value of $329,350.00. Following the completion of the transaction, the insider now directly owns 11,000 shares in the company, valued at $724,570. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Judith L. Bjornaas sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $66.98, for a total value of $669,800.00. Following the completion of the transaction, the insider now owns 16,000 shares of the company’s stock, valued at $1,071,680. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,237 shares of company stock valued at $5,259,204. Corporate insiders own 22.28% of the company’s stock.
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Mantech International 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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