Richard L. Armitage Sells 3,000 Shares of ManTech International Corporation (MANT) Stock

ManTech International Corporation (NASDAQ:MANT) Director Richard L. Armitage sold 3,000 shares of ManTech International Corporation stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $40.01, for a total value of $120,030.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $160,040. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of ManTech International Corporation (NASDAQ MANT) traded up 0.28% during mid-day trading on Monday, reaching $38.92. The company had a trading volume of 227,191 shares. ManTech International Corporation has a 52-week low of $33.50 and a 52-week high of $45.52. The stock has a market capitalization of $1.51 billion, a P/E ratio of 25.84 and a beta of 0.99. The company’s 50-day moving average is $38.78 and its 200 day moving average is $38.67.

ManTech International Corporation (NASDAQ:MANT) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. ManTech International Corporation had a net margin of 3.57% and a return on equity of 4.72%. The firm had revenue of $418.37 million during the quarter, compared to the consensus estimate of $402.15 million. Analysts anticipate that ManTech International Corporation will post $1.50 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for ManTech International Corporation (NASDAQ:MANT)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, June 7th. ManTech International Corporation’s dividend payout ratio is 27.81%.

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Several analysts have commented on the company. Maxim Group raised ManTech International Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, March 8th. Zacks Investment Research raised ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Friday, April 7th. Jefferies Group LLC reaffirmed an “underperform” rating and issued a $30.00 target price on shares of ManTech International Corporation in a research note on Thursday, February 23rd. TheStreet lowered ManTech International Corporation from a “b” rating to a “c+” rating in a research note on Thursday, February 23rd. Finally, Cowen and Company raised ManTech International Corporation from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.00.

Large investors have recently modified their holdings of the company. KCG Holdings Inc. increased its position in ManTech International Corporation by 0.5% in the first quarter. KCG Holdings Inc. now owns 12,893 shares of the technology company’s stock worth $446,000 after buying an additional 70 shares during the period. Municipal Employees Retirement System of Michigan increased its position in ManTech International Corporation by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,950 shares of the technology company’s stock worth $310,000 after buying an additional 160 shares during the period. New York State Teachers Retirement System increased its position in ManTech International Corporation by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 73,814 shares of the technology company’s stock worth $3,119,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System increased its position in ManTech International Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock worth $360,000 after buying an additional 200 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in ManTech International Corporation by 3.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,825 shares of the technology company’s stock worth $236,000 after buying an additional 200 shares during the period. 62.89% of the stock is owned by institutional investors.

About ManTech International Corporation

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

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