Mantech International Corp (NASDAQ:MANT) Shares Sold by United Services Automobile Association

United Services Automobile Association reduced its position in Mantech International Corp (NASDAQ:MANT) by 24.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,776 shares of the technology company’s stock after selling 2,160 shares during the quarter. United Services Automobile Association’s holdings in Mantech International were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MANT. DekaBank Deutsche Girozentrale raised its stake in Mantech International by 38.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,591 shares of the technology company’s stock valued at $170,000 after purchasing an additional 714 shares during the last quarter. Marshall Wace LLP acquired a new position in Mantech International in the 1st quarter valued at $1,507,000. Marshall Wace North America L.P. acquired a new position in Mantech International in the 1st quarter valued at $580,000. FMR LLC raised its stake in 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 purchasing an additional 663 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Mantech International in the 2nd quarter valued at $508,000. 65.53% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Kevin M. Phillips sold 32,431 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $67.98, for a total transaction of $2,204,659.38. Following the completion of the transaction, the chief executive officer now directly owns 106,063 shares in the company, valued at approximately $7,210,162.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard John Wagner sold 8,600 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $70.23, for a total value of $603,978.00. Following the transaction, the insider now owns 7,635 shares of the company’s stock, valued at $536,206.05. The disclosure for this sale can be found here. 33.70% of the stock is owned by corporate insiders.

Several analysts have issued reports on MANT shares. Wells Fargo & Co cut Mantech International from an “outperform” rating to a “market perform” rating in a report on Thursday, August 1st. BidaskClub cut Mantech International from a “strong-buy” rating to a “buy” rating in a report on Friday, October 4th. ValuEngine cut Mantech International from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Morgan Stanley set a $66.00 target price on Mantech International and gave the company a “hold” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research cut Mantech International from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $73.00.

NASDAQ:MANT traded down $0.46 during trading hours on Monday, hitting $69.55. The company had a trading volume of 743 shares, compared to its average volume of 143,959. 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 company has a 50-day moving average of $69.25 and a 200 day moving average of $64.39. The company has a market cap of $2.76 billion, a P/E ratio of 33.86, a P/E/G ratio of 3.71 and a beta of 0.88. Mantech International Corp has a 1 year low of $48.25 and a 1 year high of $72.25.

Mantech International (NASDAQ:MANT) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The company had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $551.29 million. Mantech International had a return on equity of 6.21% and a net margin of 4.30%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, analysts forecast that Mantech International Corp will post 2.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, September 12th. Mantech International’s payout ratio 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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Institutional Ownership by Quarter for Mantech International (NASDAQ:MANT)

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