Alpha Windward LLC Sells 1,020 Shares of Mantech International Corp (NASDAQ:MANT)

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Alpha Windward LLC trimmed its position in Mantech International Corp (NASDAQ:MANT) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,400 shares of the technology company’s stock after selling 1,020 shares during the quarter. Alpha Windward LLC’s holdings in Mantech International were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MANT. OppenheimerFunds Inc. grew its holdings in Mantech International by 1,577.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 336,309 shares of the technology company’s stock valued at $18,039,000 after buying an additional 316,266 shares in the last quarter. Millennium Management LLC lifted its position in shares of Mantech International by 1,393.4% during the 1st quarter. Millennium Management LLC now owns 321,164 shares of the technology company’s stock valued at $17,815,000 after acquiring an additional 299,659 shares during the period. BlackRock Inc. lifted its position in shares of Mantech International by 8.1% during the 2nd quarter. BlackRock Inc. now owns 3,621,012 shares of the technology company’s stock valued at $194,230,000 after acquiring an additional 270,010 shares during the period. Intrinsic Edge Capital Management LLC bought a new stake in shares of Mantech International during the 2nd quarter valued at $13,137,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Mantech International by 77.4% during 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 acquiring an additional 237,373 shares during the period. 63.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MANT stock traded down $0.62 on Friday, hitting $60.42. 180,825 shares of the company’s stock were exchanged, compared to its average volume of 176,270. Mantech International Corp has a 12 month low of $46.00 and a 12 month high of $68.11. The company has a market cap of $2.40 billion, a P/E ratio of 37.30, a P/E/G ratio of 3.64 and a beta of 0.97.

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

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

MANT has been the subject of a number of recent analyst reports. Loop Capital upped their target price on Mantech International to $80.00 and gave the company a “buy” rating in a research report on Monday, September 17th. BidaskClub downgraded Mantech International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 12th. SunTrust Banks reiterated a “buy” rating and set a $70.00 target price on shares of Mantech International in a research report on Thursday, August 2nd. Cowen reiterated a “buy” rating and set a $65.00 target price on shares of Mantech International in a research report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Mantech International from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $64.63.

In other Mantech International news, Director Richard J. Kerr sold 1,592 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $62.95, for a total value of $100,216.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Judith L. Bjornaas sold 5,000 shares of the stock in a transaction dated Tuesday, August 28th. The shares were 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 owns 11,000 shares of the company’s stock, valued at $724,570. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,237 shares of company stock valued at $5,259,204. 22.28% of the stock is owned by corporate insiders.

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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.

See Also: Float

Institutional Ownership by Quarter for Mantech International (NASDAQ:MANT)

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