Richard L. Armitage Sells 4,000 Shares of Mantech International Corp (NASDAQ:MANT) Stock

Mantech International Corp (NASDAQ:MANT) Director Richard L. Armitage sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $62.27, for a total value of $249,080.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $249,080. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ MANT traded down $0.87 during trading hours on Monday, hitting $64.98. The company had a trading volume of 99,645 shares, compared to its average volume of 130,062. Mantech International Corp has a 52 week low of $48.25 and a 52 week high of $68.11. The company’s 50 day moving average is $62.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95.

Mantech International (NASDAQ:MANT) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The firm had revenue of $501.90 million during the quarter, compared to the consensus estimate of $507.79 million. Mantech International had a return on equity of 5.97% and a net margin of 4.18%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Sell-side analysts forecast that Mantech International Corp will post 2.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. Mantech International’s dividend payout ratio (DPR) is presently 52.43%.

A number of large investors have recently added to or reduced their stakes in MANT. FMR LLC increased 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 worth $38,000 after purchasing an additional 663 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Mantech International by 3,436.7% during the first quarter. Meeder Asset Management Inc. now owns 1,061 shares of the technology company’s stock valued at $57,000 after buying an additional 1,031 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Mantech International during the fourth quarter valued at approximately $71,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Mantech International during the fourth quarter valued at approximately $136,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Mantech International during the first quarter valued at approximately $162,000. Institutional investors own 63.84% of the company’s stock.

Several equities research analysts recently weighed in on the company. BidaskClub lowered Mantech International from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Zacks Investment Research lowered Mantech International from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Morgan Stanley assumed coverage on Mantech International in a report on Monday, June 3rd. They issued an “equal weight” rating and a $65.00 price objective for the company. Finally, ValuEngine raised Mantech International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.25.

About Mantech International

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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