ManTech International (MANT) Short Interest Update
ManTech International (NASDAQ:MANT) was the recipient of a significant decline in short interest in the month of March. As of March 29th, there was short interest totalling 319,226 shares, a decline of 39.6% from the March 15th total of 528,549 shares. Based on an average trading volume of 433,599 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the shares of the company are sold short.
In related news, insider Daniel J. Keefe sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $57.09, for a total transaction of $456,720.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth A. Minihan sold 6,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.64, for a total value of $351,840.00. Following the transaction, the director now owns 7,000 shares in the company, valued at $410,480. The disclosure for this sale can be found here. Insiders have sold 34,083 shares of company stock worth $1,942,832 over the last 90 days. Corporate insiders own 35.06% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of ManTech International by 2.2% in the 4th quarter. BlackRock Inc. now owns 4,317,246 shares of the technology company’s stock worth $216,683,000 after acquiring an additional 94,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ManTech International by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,159,794 shares of the technology company’s stock worth $95,354,000 after acquiring an additional 10,337 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of ManTech International by 0.7% in the 4th quarter. Earnest Partners LLC now owns 1,414,501 shares of the technology company’s stock worth $70,994,000 after acquiring an additional 9,782 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of ManTech International by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,185,671 shares of the technology company’s stock worth $59,509,000 after acquiring an additional 4,640 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of ManTech International by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 424,468 shares of the technology company’s stock worth $21,304,000 after acquiring an additional 7,968 shares in the last quarter. 64.42% of the stock is currently owned by institutional investors and hedge funds.
ManTech International (NASDAQ:MANT) last released its quarterly earnings data on Wednesday, February 21st. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $462.30 million for the quarter, compared to the consensus estimate of $461.91 million. ManTech International had a return on equity of 4.96% and a net margin of 6.65%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. sell-side analysts predict that ManTech International will post 2.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a $0.25 dividend. This is an increase from ManTech International’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 8th. ManTech International’s payout ratio is presently 30.86%.
A number of equities research analysts have weighed in on the company. Loop Capital lifted their price objective on ManTech International to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded ManTech International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Maxim Group lifted their price objective on ManTech International from $53.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. SunTrust Banks lifted their price objective on ManTech International to $58.00 and gave the company a “hold” rating in a report on Thursday, February 22nd. Finally, BidaskClub raised ManTech International from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.14.
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ManTech International Company 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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